$BTC Bollinger Bands: The lower band around $101,000 provides strong support, and the price has now returned to trading above the middle band of the Bollinger Bands.

Pattern Analysis: A typical V-shaped reversal pattern is observed, with a rapid rebound from the low on June 5, indicating strong buying support in the market at lower levels.

Market Dynamics

Market Sentiment: The Fear and Greed Index has risen to 69 (Greed zone), but high leverage has led to over $452 million in liquidations across the network in the last 24 hours, with short positions accounting for 57%.

Capital Flow: Bitcoin ETFs experienced a net outflow of $616 million in a single day, setting a recent record, as institutional investors show an increased willingness to take short-term profits.

Miner Selling Pressure: Daily selling volume has increased to 15,000 coins, which may suppress short-term rebounds.