Today's BTC is like sitting on a slingshot, stabilizing at 105K, ready for takeoff!

News Analysis

Bullish sentiment continues to soar: The market's expectations for Bitcoin's new highs remain strong, with mainstream institutions and analysts generally optimistic, and some even predicting a surge to $270K~$300K in October—pure bull market thinking continues to ferment.

Geopolitical tensions increase volatility: The tense situation in the Middle East and the Israel-Iran conflict have caused BTC to oscillate between safe-haven and risk assets, but it has managed to stay above key support levels, indicating that funds have not been withdrawn on a large scale.

Volatility signals light up: CoinDesk's MACD + Bollinger Bands signal indicates that significant volatility may be approaching, and technical indicators suggest a bullish tendency in the future.

Technical Analysis

Key range oscillation: Currently, BTC is fluctuating between $105K–$108K; small bearish and bullish candles appear alternately on the daily chart, indicating that the market is temporarily cautious.

Support structure remains stable: In the short term, the ascending trend line connecting 102.8K~104.6K on the 2-hour chart is still intact; the MACD is gaining strength, potentially triggering bullish momentum.

Golden cross effect: Reviewing the breakout at the end of May, which was based on the golden cross of the 50-day and 200-day moving averages, this major trend is still ongoing; a pullback does not signify an end.

Volume confirmation pending observation: Currently, the market's trading volume remains stable with frequent capital inflow and outflow. If it breaks 108K in the short term with increased volume, it will unleash a true main trend.

Strategy suggestions for fans

Structure remains bullish: Currently, the players are in an ascending channel, maintaining the trend line is key; a small amount can be added on pullbacks.

For swing trading, consider partial entry: A light long position can be attempted in the 104.5–105K range, with a stop-loss set below 104K.

Add positions above 108K: If the volume increases and it breaks above 108K, then gradually establish a mid-term position, targeting 110K or even challenging historical highs.

If the environment is unstable, prioritize safety: If geopolitical or macro events trigger panic sell-offs in the market, then withdraw positions to prioritize capital preservation.

Overall, today's BTC is in a rhythm of stability with a hint of expectation. The bulls remain controllable; as long as key levels do not collapse, the next wave of upward momentum could emerge at any time. ##Metaplanet增持比特币

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