BTC: As of June 26, 2025, the current price of BTC is $107800; Yesterday's closing pattern was a "small bullish line", accompanied by increased volume, indicating that there was some strength in the long and short term, but the strength was limited. On chain data showed a net inflow of 5165 US spot Bitcoin ETFs (approximately $548 million) yesterday, indicating stable institutional confidence. However, the increase in turnover rate reflects active short-term funds, with short-term players dominating the market and long-term players tending to be cautious at the current price. On a macro level, last weekend's geopolitical tensions in the Middle East led to the withdrawal of safe haven funds for Bitcoin, putting pressure on its price. Meanwhile, the US stock market continued to rise this week as it was not affected by the weekend's closure. If the US stock market remains stable, Bitcoin may challenge the $110000 mark. Overall, the current rise of Bitcoin is more inclined towards technical repair rather than structural reversal. Short term lack of significant positive momentum, coupled with limited liquidity, the market may fall back at any time due to emotional changes. At the operational level, it is recommended to continue to pay attention to the strong support band below the range of $93000 to $98000, while the support strength between $100500 and $105000 is relatively insufficient and there is a risk of downward exploration. Long term boarding point: 88800-89100 USD range; The range of 82500-82800 US dollars; Position allocation suggestion: Long term BTC accounts for 50% of the total position; The information and data in this content are sourced from publicly available materials and strive for accuracy and reliability. However, we do not guarantee the accuracy and completeness of the information, and this content does not constitute investment advice. Therefore, we assume full responsibility for investing based on this information.