Market analysis for today:

From the perspective of K-line chart-related technical indicators and market factors, there is a potential for a certain degree of sustained upward movement in the subsequent trend!
On July 2nd at 9:00 AM, the Bitcoin trend reversed and surged, breaking through $108,000. On July 3rd, Bitcoin rose above $110,000, with bullish sentiment clearly warming up.
In the short term, in the first half of July, if the Federal Reserve FOMC meeting releases signals for a rate cut, it may trigger a "buying on expectations" trend, potentially stabilizing the resistance level at $110,000, with a high likelihood of continuing to rise. The support level is at $105,000, and the target range may break the previous high of $111,900. In the second half of July, institutional funds will start reallocating for the quarter, and the inflow of Bitcoin ETF funds may increase. However, caution is needed as unexpected U.S. inflation data could weaken rate cut expectations, leading to short-term corrections.
According to the trend of the 52-week Simple Moving Average (SMA), Bitcoin still has upside potential. When the 52-week SMA reaches the midline of the Logarithmic Growth Curve (LGC) channel, the price of Bitcoin typically peaks. Based on this prediction, Bitcoin's peak could occur around mid-July 2025. #BTC行情分析 #