$BTC 6.16 Bitcoin price today: Currently, Bitcoin is around 105,000, and Ethereum is at 2500. The market fluctuated very little over this past weekend, and we did not enter a position; overall, it is in a sideways state.

Structurally speaking, the medium to long-term direction has not changed. We mentioned on June 11 that Bitcoin is currently in a b-wave upward fluctuation process, which is a consolidation structure, and the ultimate target is still above $130,000. The overall rhythm remains a sideways upward movement, and after completing this adjustment structure, a new round of increase will begin.

According to the analysis, we are currently in the B wave rebound phase, and after it is completed, there will be a C wave decline; I won't engage in small-scale fluctuations and rebounds, as they can be easily influenced by news. Short-term partners should wait for the B wave fluctuations and rebounds to finish, while those with medium to long-term layouts should wait for the C wave decline to complete.