BTC: As of June 4, 2025, the current price of BTC is $105300; Yesterday's closing pattern was a "spindle line", indicating a fierce game between long and short positions, but the trading volume was relatively average, with short-term short positions dominating. On chain data shows that there was a net inflow of 3545 US spot Bitcoin ETFs worth $375 million yesterday, and institutional funds' confidence is recovering! Although the turnover rate has increased recently and there have been large transfers of 230000 BTC, this is only a routine sorting of platform wallets and has limited impact on prices. At the macro level, Trump has recently raised steel tariffs and set to implement "equivalent tariffs" on July 8th. Coupled with the upcoming release of unemployment and wage data on Friday, market uncertainty has increased, and it is necessary to closely monitor the policy trends of the Federal Reserve. Overall, if Bitcoin rebounds above $108500, it may indicate the beginning of a larger level of adjustment. Minor deviations often lead the major trend, but transmission takes time. The current signal indicates that Bitcoin may enter a temporary top range, but the exact top price is difficult to predict. Most signals are biased towards the left, and in a low liquidity environment, unexpected events may alter the market path. The range of $93000 to $98000 provides solid support. 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.