Currently, the short-term consolidation of Bitcoin around $108,000 may confuse many investors. However, a deeper analysis of various indicators reveals that this may just be a phase of accumulation before the next wave of rise.

Multiple factors support the price to continue to rise:
Firstly, from a technical chart perspective, Bitcoin maintains a clear rising trend on the weekly and monthly charts. Over the past five weeks, the key price level of $104,354 has been tested multiple times and confirmed, forming a solid support base, suggesting that a parabolic rebound may be approaching.
Secondly, the US dollar index continues to weaken. Although the US is trying to boost the dollar, it has failed to reverse the downward trend. Meanwhile, major currencies like the Renminbi are showing strengthening momentum. As a decentralized hard asset, Bitcoin's value positioning is further highlighted in this macro environment.
Third, the regulatory environment is gradually becoming clear. The United States is accelerating the improvement of the regulatory framework for the stablecoin market, which will bring more liquidity and institutional support to the cryptocurrency market.
Fourth, institutional investment behavior indicates that professional funds are accelerating their entry into the market. Data shows that the number of institutions holding Bitcoin has increased by 21 in the past 30 days, with total holdings rising by 3.28%. During the same period, the Bitcoin reserves on centralized exchanges have fallen to a multi-year low of 2.09 million coins, and this imbalance between supply and demand is often a catalyst for significant market movements.
In the face of short-term market fluctuations, it is particularly important to maintain strategic composure. Based on the current trend, there is a considerable likelihood that Bitcoin will create a new historical high before the end of June.
In the marathon of the cryptocurrency market, true wealth opportunities often favor those participants who can hold on to their beliefs amid uncertainty.