Bitcoin is still undergoing adjustments. Last week's weekly chart was perfect, with a long lower shadow, which indicates that the buying pressure around 100,000 is strong enough. There will be continued adjustments ahead, and various unfavorable policies in the short term are uncontrollable, so contract players need to be highly aware of the risks.
On the 4-hour level, Bitcoin has formed a fluctuation range, with the upper edge of the fluctuation at 106,000 and the lower edge at around 103,700. It is likely to continue oscillating within this box for a while. By the end of this month and into July, the market is expected to gradually recover and move upward.
