$BTC

Currently, BTC is in a consolidation phase, with the price around $105,000. After retreating from the peak in May, it has still maintained key support, with an overall bullish trend.

Short-term support: $105K, if it breaks below, it may retrace to $100K.

Upper pressure: $110K～$112K, a breakthrough is needed for further upward movement.

Main capital: ETFs continue to buy, and institutions entering the market strengthen bottom support.

Positive factors to watch: The U.S. policy is signaling Bitcoin reserves.

Risk factors: Geopolitical issues (such as conflicts with Iran) may still cause short-term volatility.

Conclusion: The BTC bulls are still present, but it must hold steady at $105K. Short-term consolidation, and medium to long-term increases can be expected.