Odaily Planet Daily News Analysis points out that Bitcoin has rebounded by 10% since June 5, but the probability of breaking through a new high before July is only 16%. On-chain data shows that open contracts continue to decrease, and signs of liquidation exhaustion are evident, with the market 'cleaning up the chasing longs.' If it breaks through the resistance level of $108,000, BTC is expected to enter the price discovery phase. Analysts believe that the Federal Reserve's maintenance of interest rates and MVRV returning to the mean could be positive signals. (Cointelegraph)