BTC Holds Steady at $105,000 as Market Cautiously Awaits Fed Signals

June 9 news, as of today, Bitcoin (BTC) is currently priced at approximately $105,596, with a slight increase over the past 24 hours, fluctuating between $105,110 and $106,368. The price remains above key support but has failed to effectively break through the $106,500 resistance, indicating a tug-of-war between bulls and bears in the market. The overall crypto market has mildly rebounded, with the total market value hovering around $3.3 trillion. Ethereum (ETH) is oscillating around $2,500, while Solana (SOL) and Avalanche (AVAX) have increased by about 1%-2%. The trend of mainstream cryptocurrencies is relatively weak, and trading volume has not significantly expanded, indicating low investor risk appetite. Additionally, there have been recent outflows from some Bitcoin ETFs, showing that institutional sentiment is becoming cautious, which may limit the upward price movement in the short term. Overall, Bitcoin's short-term trend has entered a technical consolidation phase, with the market awaiting guidance from the Federal Reserve's policies. Investors are advised to pay attention to key macroeconomic data, manage their positions prudently, and be wary of false breakouts and sudden fluctuations.