On June 9th, as of June 9th, Bitcoin (BTC) is now trading around $105,596, with a slight increase in 24 hours. The intraday volatility range is between $105,110 and $106,368. The price remained above the key support, but failed to effectively break through the $106,500 resistance, indicating that the market is still in a tug of war. The overall crypto market rebounded modestly, with the total market capitalization remaining around $3.30 trillion. Ethereum (ETH) fluctuated around $2,500, while Solana (SOL) and Avalanche (AVAX) rose by about 1% -2%. The trend of mainstream currencies is weak, the trading volume is not significantly enlarged, and investors' risk appetite is low. In addition, the recent outflow of some bitcoin ETF funds indicates that institutional sentiment is tending to be cautious, limiting the price upside in the short term. Overall, Bitcoin's short-term trend has entered the technical consolidation zone, and the market is waiting for the Federal Reserve's policy guidance. Investors are advised to pay attention to key macro data, control their positions reasonably, and beware of false breakthroughs and sudden fluctuations.
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