BTC Daily Analysis Update Conclusion: Short term consolidation is dominant below 108K, with a high probability of continued bullish sentiment. The 12H level is restricted by the upper edge of the channel at 109K, and it is necessary to pay attention to changes in trading volume and trading volume difference data to determine the probability of future market fluctuations Detailed analysis and logic: 👇🏻 The current price of the upper edge of the 12H level channel has dropped to around 109K That is to say, the maximum resistance around the downward channel is currently around 109K The current short-term is constrained by the suppression near 108K According to the volume delta trading volume difference data shown in the figure below After June 23rd, the overall buying volume was greater than the selling volume, and the price showed a buying dominant position, with price performance mainly rising and volume price performance relatively uniform However, it should be noted that with the increase in price, the overall trading volume has not continued to increase, but has continued to decrease. Currently, the delta trading volume difference, selling orders dominate after the price reaches 108K, while buying and selling orders appear, indicating a decline in volume From the perspective of volume, energy, and form, the current price is hindered at 108K, but the price below is mainly consolidating. Although the delta trading volume difference shows that selling dominates, the price maintains a sideways oscillation and consolidation trend, with a deviation between volume and price. Generally speaking, this is a manifestation of absorbing selling pressure But if the volume can continue to shrink and rise, it may be difficult to maintain an upward trend. If the volume continues to shrink when it reaches 109K (the upper edge of the channel), there is a high probability that it will be blocked at this point and initiate a short-term correction