Bitcoin previously wrestled at key price levels, with short-term direction unclear; attention should be paid to breakout direction and volume coordination, with news focused on next week's macro data.

Key information analysis of the market (technical aspect)

Price center: The current core transaction intensive area is around 109,205 USDT, where the latest transactions and large orders are concentrated, becoming a battleground for bulls and bears.

Pressure and support:

Strong pressure above: 110,653 USDT

Strong support below: 105,323 USDT

Psychological levels: 110,000 USDT, 108,000 USDT

Buying and selling strength: Commission ratio +0.93%, indicating that the buying power at the current price level is slightly favorable, but the advantage is weak.

Current state of the bull-bear game (technical interpretation)

Significant resistance: A 'ceiling' is formed around 110,650, with three unsuccessful attempts to rise, indicating heavy selling pressure in this area. However, there are dense buy orders below 110,000, suggesting that the bulls have not given up.

Support is not weak: There are many buy orders around and below 109,000 (108,000, 107,000), with 105,320 being a crucial defensive line. As long as this area is not effectively broken, bears will find it difficult to achieve significant results.

Current pattern: The price is in a narrow fluctuation between 109,200 - 110,650 USDT, representing a typical balance state with pressure above and support below, urgently needing to choose a direction.

Market forecasting and key points

Upward breakout signal:

Stand firmly above the pressure level of 110,650 USDT with increased volume.

If it can stabilize above 111,000 USDT after breaking through, the upward space opens up and it is expected to challenge higher positions.

Downward breakout risk:

Effectively breaking below 109,000 USDT with increased trading volume.

Particularly vigilant about the key support level of 105,320 USDT; if breached, the retracement may deepen.

Volume is key: Whether breaking upward or downward, it must be accompanied by a significant increase in trading volume to be credible. Currently, the volume is shrinking and the direction is unclear.

Potential turning point (news attention)
The timeline from June 10 to 12 is marked in the chart, and based on public information, the following should be focused on:

On the evening of June 12 (next Wednesday): The United States will announce the May CPI (Consumer Price Index) data. This is the core basis for the Federal Reserve's policy-making and has a huge impact on the global market.

Influence logic:

CPI higher than expected: Stubborn inflation → Market expects Fed to delay or reduce interest rate cuts → Usually bearish for risk assets → Increased downward pressure.

CPI lower than expected: Inflation eases → Market increases interest rate cut expectations → Usually beneficial for risk assets → May help Bitcoin break through resistance.

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