2025.7.1 Bitcoin market analysis

From a technical perspective, yesterday's market showed a typical range oscillation characteristic, with the key resistance level at 108900 not being effectively broken. The bullish momentum is insufficient, and the price has retreated under pressure, testing a low of 106686, which is only a few hundred points away from the support level of 106300. Currently, it is hovering around 107300, showing a rebound pattern with higher lows. The important support at 106300 remains effective, forming the lower boundary of the recent oscillation range.
The market is currently in the central region of a key range, and we need to observe the subsequent testing of the range boundaries. If it maintains above 107000, it may challenge 108900 again; if it falls below 106800, it may re-test the support strength at 106300.
From the four-hour chart, after experiencing a period of consolidation and fluctuation, the market has broken below the middle band of the Bollinger Bands. Although the previous gains are gradually being given back, the price has not broken through yesterday's retracement low, and there is a certain lower shadow below the bearish candlestick body, indicating that support still exists in the short term. From the one-hour level, after three consecutive bearish candlesticks, the market has shown signs of stopping, and the three lines of the RSI indicator are showing an upward turn.
From a technical perspective, a typical door-shaped fluctuation has indeed appeared near the 108900 point, while the 106800 support level has also played its due role. Although there are short-term short selling opportunities during the session, the overall bullish trend remains unchanged, and the K-line pattern has not shown any clear reversal signals. In the current setup, intraday traders can flexibly seize two-way fluctuation opportunities, but attention should be paid to the key resistance at the upper level of 108900, and the important support at 106800! Suggestions are for reference only, as market fluctuations are difficult to predict!