#市场分析与趋势 Recently, the movements of Bitcoin are really hard to resist! It frequently tests the 50-day moving average, showing that the rising momentum is a bit weak. But don't be discouraged, this is likely just a normal adjustment in the bull run. From a macro perspective, the BTC price is still above the cost basis of short-term holders, in a "moderate but not overheated" range. This is a typical characteristic of a bull market!

Although some analysts have warned that the summer slump may continue, I think it is still too early to say. The market is in a relatively balanced state, and multiple indicators are still consistent with a bull run trend. Yes, there has indeed been some capital outflow from ETFs, but for now, it seems to be a short-term phenomenon, and there is no evidence to suggest that it will form a long-term trend.

For the upcoming market, we need to closely monitor the support level of $110,000 and the resistance level of $116,000. The battle within this range will determine the short-term direction. However, regardless, stay optimistic! The future of Web3 remains bright, and Bitcoin as a pioneer still has great potential. Let's continue to pay attention, keep learning, and contribute to the decentralized future!