BTC: As of July 18, 2025, the current price of BTC is $118800; Yesterday's closing pattern was a "spindle line", indicating that long and short positions were temporarily playing at a high level and tending towards equilibrium, and may enter a period of consolidation and oscillation in the short term. On chain data shows that there was a net inflow of 4341 US spot Bitcoin ETFs (approximately $515 million) yesterday, with stable financial confidence. However, although the current turnover rate has decreased, it is still at a high level, indicating frequent short-term games. Some high cost holding players have chosen to leave, which has formed a certain pressure on prices in the short term. According to URPD data, the first strong support level is in the range of $103500 to $108500, and the second strong support level is in the range of $93500 to $98500. As long as there is no major bearish trend, it is difficult to break through the first support level. At the macro level, strong data from the United States, hot retail consumption, and expectations of tariffs may boost the economy. The September data is even more worth looking forward to. Overall, from July 14th to 16th, there were clear strong demand signals for Bitcoin, and funds still entered the market during the decline. Players who had been waiting for a lower point before began to actively lay out their positions. The impact of whale off market shipments is relatively small, and even if there is a pullback, the short-term magnitude is difficult to reach a deep level. The market's ability to absorb has quietly increased. In the short term, Bitcoin is still in a period of volatile adjustment, and there is a high probability of regaining its upward trend after the adjustment is over. Some strong altcoins still have opportunities.