On the daily chart level, BTC is currently between the BOLL middle band and upper band, with the price on its way back to the middle band, specifically around 105,000 to 106,000. MACD and other indicators are trending downwards, so the first support level can be expected at 105,000, mainly depending on the news front.

The core news for this week is the U.S. tariffs on the 9th. Although the enforcement period has been extended to August 1st, July 9th remains an important time node, and the market is likely to react.

Another key point is the interest rate meeting at the end of this month. Currently, the market predicts a very low possibility of a rate cut, so if one wants to wait for a rate cut, it would be in September. The market funds in July are in a recovery process, so there generally won't be significant changes this month. The market continues to maintain low popularity and trading volume.