BTC: As of July 10, 2025, the current price of BTC is $111200; Yesterday's closing pattern was a small bullish candlestick, with an increase in trading volume compared to the previous day. In the short term, multiple forces have an advantage. On chain data shows a net inflow of 1981 US spot Bitcoin ETFs worth $216 million yesterday, with average confidence among institutional fund players. Yesterday's market turnover rate further decreased compared to the previous day, and activity continued to decline. In terms of specific support levels, there are 2.268 million Bitcoin stocks in the range of $104000 to $108500, forming the first support level; There are 1.913 million Bitcoin stocks in the range of $93000 to $98000, forming the second support level. At the macro level, market sentiment has rebounded after the announcement of ACO policies, but uncertainty still exists. The results of the Federal Reserve's July interest rate meeting and the negotiations between the United States, Europe, and Longo before the implementation of tariffs on August 1 will directly affect the performance of risk assets. Overall, Bitcoin is showing a volatile upward trend in the short term. If a new high is set again in the future, we need to be alert to the risk of false breakthroughs and guard against rising and falling. At present, its trend does not have the conditions to initiate a new round of upward trend.