BTC: As of July 2, 2025, the current price of BTC is $106900; Yesterday's closing pattern was a 'small bearish candlestick', with average trading volume, indicating that the bearish side has a short-term advantage. On chain data showed a net outflow of 3196 US spot Bitcoin ETFs (worth $342 million) yesterday, with clear signs of institutional selling, but low turnover rates and relatively stable investor sentiment. At the macro level, US Treasury Secretary Besson hinted that the Federal Reserve may cut interest rates before September, which will benefit risk assets, but the actual impact needs to be observed and implemented. Overall, Bitcoin is still oscillating within a certain range, and most players believe that the "Battle between Sichuan and Malaysia" will not bring substantial risks, but rather have high expectations for the "Great Beautiful Bill". The range of $93000 to $98000 remains the strongest support level, while the newly formed support range of $103000 to $107500 has attracted many short-term players, but its stability remains to be observed.