encryption asset panorama BTC (+0.04% | Current Price 111,277 USDT) BTC price quickly stabilized and rebounded after a round of decline, currently standing back around 111,000 USD, with short-term bullish strength increasing. The short-term moving averages (MA5, MA10) have shown signs of turning and are attempting to converge upwards towards MA30, indicating that a short-term recovery trend is unfolding. From the trading volume perspective, there is certain volume support during the rebound process, suggesting that buying interest is gradually warming up. If the price can effectively break through and stabilize above 112,000 USD, it is expected to further challenge the previous high of the 112,500 USD region. However, if the upward momentum weakens and falls back below 110,000 USD, it may test the previous low support again. Overall, BTC's short-term trend leans towards a strong oscillation, and attention should be paid to the gains and losses at key points. In addition, on September 4th, Bitcoin spot ET

crypto market panorama BTC (+0.04% | Current Price 111,277 USDT): After a round of downward movement, the BTC price quickly stabilized and rebounded, currently standing around 111,000 USDT. The short-term bullish momentum has increased. From the trading volume, there is some support during the rebound, indicating that buying interest is beginning to warm up gradually. If the price can effectively break through and stabilize above 112,000 USDT, it is expected to further challenge the previous high of 112,500 USDT. However, if the upward momentum weakens and falls below 110,000 USDT, it may once again test the previous low support. The short-term trend of BTC is leaning towards a strong consolidation, and attention should be paid to the gains and losses at key levels. On September 4, a net outflow of funds was again observed in the Bitcoin spot ETF, with a total outflow of 222.9 million USDT. Among them, BlackRock's IBIT achieved a net inflow of 134.8 million USDT.

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