Today's Market Analysis:

Based on the relevant technical indicators from the K-line chart and market factors, there is potential for a sustained upward trend in the future!

On July 2nd at 9:00 AM, the Bitcoin price reversed and rose continuously, breaking through $108,000. On July 3rd, Bitcoin surpassed $110,000, with bullish sentiment clearly warming up.

In the short term, if the Federal Reserve's FOMC meeting in the first half of July releases signals for interest rate cuts, it may trigger a "buy the expectation" trend. If it can hold above the $110,000 resistance level, there is a high likelihood it will continue to rise, with a support level at $105,000, and a target range that may break the previous high of $111,900. In the second half of July, institutional funds will start reallocating for the quarter, and inflows into Bitcoin ETFs may increase, but caution should be taken as U.S. inflation data exceeding expectations could weaken interest rate cut expectations and trigger short-term corrections.

According to the 52-week Simple Moving Average (SMA) trend, Bitcoin still has upward potential. When the 52-week SMA touches the middle of the logarithmic growth curve (LGC) channel, the price of Bitcoin typically peaks. According to its prediction, Bitcoin's peak may occur around mid-July 2025. #今日行情分析 $BTC