$BTC

Bitcoin is facing corrective pressure as it falls below the $105,000 level, currently trading at $105,130. Technical indicators show short-term corrective pressure (negative MACD and narrowing Bollinger Bands), but institutional demand remains strong.

**Key Developments:**

- Trading volume has decreased compared to previous days, indicating hesitation among investors

- The main support level at $104,000 will be crucial in determining the medium-term direction

- News indicates that traders are anticipating a short-term volatility period with targets above $130,000 in the long term

## Ethereum: Under Selling Pressure from Whales

Ethereum is currently trading at $2,523, affected by selling pressure from large investors. One "Ethereum whale" sold $5.03 million worth of Ethereum in the last 24 hours.

**Influencing Factors:**

- Ethereum whales have deposited over 15,790 Ethereum on the OKX platform since May 26, totaling $40.79 million

- The Altcoin Season Index has fallen to 26, significantly below the "Altcoin Season" threshold of 75

- Selling pressure on Ethereum continues, but trading volume remains relatively stable