Recently, the price of Bitcoin has shown an upward trend followed by a fall. The price trend in the short term is relatively complex and carries a certain degree of uncertainty. Below is a specific analysis:

Early trend

- Bullish phase: On June 9, the price of Bitcoin surged significantly, reaching a high of $110,269.2, breaking through the key resistance level of $108,000. On that day, the Bitcoin spot ETF recorded an unprecedented net inflow of $386 million, with institutional capital inflow and massive short squeezes providing momentum for the rise.
- Decline: On June 13, due to the political events of Israel and Iran, the political events of the country fell sharply to a high of $108,000 on June 12, falling below the $106,000 level, briefly falling to around $103,000, and the trading volume of 24 small days rose to $55.38.

Technical Indicators

- On the 4-hour chart, the RSI indicator has sharply fallen to around 35, entering the oversold area; the MACD indicator has formed a death cross above the zero line, and the rapid reduction of the histogram shows an increase in bearish momentum.

Market sentiment and capital flow

- Previously, due to record inflows of ETF funds and other factors, market sentiment warmed. However, affected by geopolitical events, investors' panic sentiment has intensified, and bullish forces have significantly weakened. The funding rate for Bitcoin perpetual contracts has turned negative, indicating that bearish forces are dominating.

The above content is整理自公开信息，不构成投资建议。