On July 10, $BTC 2025, Bitcoin (BTC) showed a high-level volatile trend, breaking through the historical high of $112,152 during the session but failing to hold, falling back to around $111,000 by the end of trading. Technical indicators show an intensifying short-term tug-of-war between bulls and bears:

Key Levels: Support at $110,000 (whole number level) and $109,400 (previous high resistance level), resistance at $112,500 (psychological level) and $115,000 (upward channel target).

Indicator Signals: The MACD on the 4-hour chart shows a death cross but with weakening momentum, while the daily RSI is not overbought (around 60-62), indicating there is still upside potential, but caution is warranted regarding pullback risks.

Driving Factors: Continuous inflow of institutional funds (such as net inflows into ETFs), rising expectations for Federal Reserve interest rate cuts, and strengthening tech stocks driving risk appetite, but attention should be paid to tonight's U.S. retail data and its impact on market sentiment.

Operational Advice: Short-term range trading can be considered (between $110,000 and $112,500), with a bullish pursuit if resistance is broken; if support at $109,400 is breached, a pullback to $107,200 may occur. The medium to long-term trend remains bullish, but position sizing should be controlled and stop losses set.