Analyst: If Bitcoin holds at $108000, it is expected to rise to $112000

BlockBeats news, on June 30th, according to Decrypt, the market is paying attention to this week's global macro events, including the European Central Bank's annual policy forum and Federal Reserve Chairman Powell's appearance on Tuesday. Although the price trend of Bitcoin is relatively stable, signals released by derivatives and on chain markets indicate that market volatility may soon return. Traders are closely monitoring changes in the policy statements of major central banks, which may affect the overall risk appetite of both cryptocurrency and traditional markets. Analyst Axel Adler Jr. stated that whales are transferring large amounts of funds into centralized exchanges, a pattern that, combined with declining exchange reserves and weakened stablecoin inflows, typically indicates that the market is about to experience significant volatility. As long as Bitcoin holds at $108000, the basic situation is to continue to rise, with a target level of $112000.