Bitcoin (BTC) has recently shown a consolidation trend, with long-term potential for rise, but also faces risk factors such as macroeconomic issues, detailed as follows:
• Short-term trend: As of August 2, 2025, the BTC price is $113,250, down 2.28% in the last 24 hours, and has decreased by 3.36% over the past 7 days, currently in a consolidation phase with some downward pressure. From the technical indicators, there is a high possibility that BTC futures will oscillate sideways around the 5-day moving average in the short term, while in the ultra-short term, it is below the 5-day moving aver

• Price action: As of June 3, 2025, the price of Bitcoin is around $104,400, reaching a high of $106,000 and a low of $103,600 in 24 hours, the price is standing above the EMA30 support level of $103,500, but the overall trend has entered a downward channel.
• Technical indicators: On the daily chart, the MACD indicator shows a shrinkage increase, and DIF and DEA are spreading downward at a high level, close to the 0 axis, indicating a gradual increase in bearish momentum. The Bollinger Bands are eyed at $106,400 in the middle band and $101,600 in the lower band. The four-hour chart shows that

• Technical analysis: From the 4-hour chart, the Bollinger Bands are running parallel, the KDJ has a golden cross pattern pointing upwards, and the MACD indicator shows divergence, indicating a short-term rebound opportunity. Recently, Ethereum has pulled back approximately 8% since reaching a high of $2750 on May 27, and the short-term adjustment is entering a critical phase. The Bollinger Bands have narrowed to the $2450-$2600 range, with prices operating near the lower band, signaling that a directional choice is approaching. On the daily chart level, the $2500 psychological support level h

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