10x Research: With the arrival of the traditional bull market season in July, Bitcoin is attempting to break through the key point of $110000

According to 10x Research analysis, Bitcoin has experienced fund outflows for 98 consecutive days and is currently testing the upper limit of its consolidation range. Despite strong inflows of ETF funds, continuous decrease in exchange balances, and political pressure from the Federal Reserve, the price of Bitcoin remains relatively stable. With the arrival of the traditional bull market season in July and the upcoming release of labor market data, the market may be brewing a major breakthrough. The report points out that the key factors supporting Bitcoin's rebound since late April not only continue to exist, but have also received further support. At present, Bitcoin is attempting to break through the critical $110000 level, and low volatility provides investors with rare opportunities for layout.