BTC: As of June 3, 2025, the current price of BTC is $105,200; yesterday's closing pattern resembles a "hanging man," and trading volume has increased. Although this indicates a potential short-term rebound resistance, the increased volume shows that the bulls still have a willingness to resist.

On-chain data shows that the U.S. spot Bitcoin ETF experienced a net outflow of 2,534 coins yesterday, valued at $267 million; it appears that institutional funds have been maintaining a withdrawal trend recently. Meanwhile, CME has not yet filled the gap between $91,970 and $92,525, and historical statistics indicate that over 90% of gaps are filled within three months.

On the macro level, Trump has requested countries to submit trade negotiation plans by July 8, and preliminary results for the tariff lawsuit are expected in mid-June, with ongoing global economic uncertainty in the short term.

In summary, based on chip data, the $93,000 to $98,000 range remains the strongest support currently, with players holding these chips being very steadfast. The long-short ratio is currently at 0.98, suggesting that if there are no significant negative developments in the short term, Bitcoin is unlikely to experience a deep decline, and a short-term oscillation rebound trend is expected. Various data analyses conclude that the $111,980 Bitcoin may not be the highest peak; a rebound may occur later, and even new highs might be reached, but the market has likely entered a phase of peak range!

Long-term entry points: $88,800-$89,100 range; $82,500-$82,800 range;

Position allocation suggestion: Long-term BTC should account for 50% of the total position;

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