Bitunix analyst: ETF funds are flowing in strongly, BTC rose 9.3% this week to $103,000, with short-term support at $94,200

Odaily Planet Daily News: Data shows that BTC has a high-liquidity liquidation area near $93,000. The $94,000 support area received buying support many times during the week, helping the price to rise step by step and break through the $100,000 mark. In addition, the heat map shows that there is a significant liquidation concentration area near $102,000, which means that most long orders in this area have been locked here, and short-term profit-taking and volatility may occur; and the strong support near $96,000 also means that a large number of long orders have not been touched, providing a safety cushion for the lower level. Overall, institutional funds drove the overall upward trend this week, but the technical liquidation points suggested that the $102,000 to $105,000 range will face periodic tests. Bitunix analysts suggested: This week, the market made progress in the US-UK tariff agreement, which attracted capital inflows and caused a general rise in the cryptocurrency market in the short term. BTC’s short-term support is $94,200; in the short term, it may fluctuate in the current price range of $102,500–105,000. If it falls below $93,000, you should reduce your positions and wait and see; continue to pay attention to the flow of ETF funds and next week's CPI and PPI, and properly allocate assets to hedge against uncertain risks.