Below is a comprehensive analysis and outlook of the current Bitcoin market:
📉 Current trend overview
Bitcoin price is around $104.6K, with daily fluctuations between $104.6K and $106K, slightly down from yesterday.
After hitting a historical high near $112K in late May, there has been a continuous moderate pullback trend, currently maintaining a stable range of $100K–$108K.
🔍 Technical analysis and key support/resistance
Support level: $100K as a psychological barrier, $95.5K as a stronger technical support.
Current main support level at $105K–$107K, if broken, may retest the $100K area.
Resistance level focused on $112K historical high, if broken, it may trigger the next upward target $120K–$125K.
💡 Market sentiment and catalytic factors
Most views indicate that institutional investment enthusiasm remains strong, with ETF holdings continuously increasing: Bitcoin ETF funds reach $132 billion, despite some short-term outflows recently.
Macroeconomic positive: US inflation data weakens, the US dollar continues to weaken, and expectations for Federal Reserve rate cuts increase, boosting Bitcoin's short-term upward trend.
Geopolitical impact: Tensions in the Middle East have led to a sharp rise in oil prices, but have not significantly dragged down Bitcoin's rebound momentum.
📊 Institutional perspectives and predicted price ranges
Medium-term target: Institutions like Bitfinex are bullish, believing it can rise to $120K–$125K in the short term.
Long-term outlook:
Cathie Wood predicts $1.5M by 2030; Tom Lee looks to reach $150K by the end of 2025, potentially higher by 2030.
Scaramucci is optimistic that it can reach $200K within 2025.
Speculation warning: Polymarket and other betting platforms believe this year may have peaked around $110K, and there is still a chance of downside.
🧭 Overview of operation suggestions
Strategy reference price suggestions
Bullish layout $104K–$107K increase positions in batches, stop loss set at ~$100K–$103K
Short-term wait/ profit ~$112K can gradually reduce holdings on highs
Bear market defense <$100K cautious, avoid chasing shorts
✅ Comprehensive conclusion
Currently, Bitcoin remains in the range of $100K–$108K, with short to medium-term trends benefiting from macro easing expectations and institutional accumulation, but still showing volatility before a strong breakout.
Key turning points are $112K (upward break continues upward trend) and $100K (downward break warns of retracement risk). Investors can combine their risk preferences, build positions in batches, and pay attention to these psychological and technical nodes.
