On the technical side, Bitcoin has formed a downward channel here (as shown in the picture). After touching this point, it faced a decline and is still under pressure. The previous viewpoint also stated that Bitcoin is still oscillating at a high level, fluctuating in the range of $100,000 to $110,000, making it difficult to find a significant direction in the short term.

The market expects Bitcoin to reach a new high point in September to October of this year, then conclude this bull market and enter a downward trend. Additionally, the market anticipates that the Federal Reserve will cut interest rates in September, coinciding with this timeline, and special attention should be paid to the Bank of Japan's interest rate hike in July. $BTC