Bitget Research Institute: Bitcoin key support level at $108,500, resistance level at $130,000

On July 11th, Bitget Research Institute's chief analyst Ryan Lee stated that driven by multiple positive factors such as the Trump campaign team releasing pro-crypto signals, continuous ETF fund inflows, and increased institutional fund allocation, Bitcoin recently broke through $117,000, and market sentiment has clearly warmed up. He pointed out that $BTC is expected to stabilize at $125,000 in the third quarter, with a key support level of $108,500 and a resistance level of $130,000, with the overall range possibly fluctuating between $105,000 and $150,000. Regarding Ethereum, benefiting from ETF demand, Pectra upgrade expectations, and increased DeFi activity, Ryan pointed out that the average $ETH price in the third quarter could reach $3,800, and if it breaks through the $3,700 resistance level, it may further impact $5,000. At the same time, Ryan also reminded investors that although the overall fundamentals are solid, there are still uncertainties in the market, and traders should be prepared for 10–30% volatility and pay close attention to the impact of macroeconomic changes on the market. [Deep Tide TechFlow]