$BTC

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As of June 16, 2025, the price of Bitcoin (BTC) is approximately $106,898, recovering about 1.6% during the day, with a fluctuation range between $104,601 and $107,206.

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📊 Technical Analysis

• BTC has recovered from recent geopolitical impacts, maintaining above the $106K mark. If it can break through the $110K resistance, it is expected to initiate a new upward cycle.

• The RSI and MACD for the day indicate a slight warming of momentum, but have not yet entered the overbought zone, suggesting that there is still room for short-term upward movement.

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🌍 Fundamental Observations

• Geopolitical tensions in the Middle East are easing, with funds flowing back into risk assets. S&P futures and Bitcoin are rebounding in sync, indicating a mix of hedging and speculative sentiment.

• An increasing number of listed companies are adopting Bitcoin asset strategies (such as Strategy, Trump Media, etc.), further strengthening BTC's position as a reserve asset.

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🔮 Outlook and Recommendations

Bitcoin is currently in a moderately bullish pattern in the medium term, with key observation points being the $110K resistance and the significant $106K level during the day. It is recommended to adopt a gradual accumulation strategy while maintaining above $106K; if it breaks below $104K, attention should be paid to the potential retest of the $100K support. Closely monitoring geopolitical risks and institutional fund dynamics is crucial for the future market trend.