Bitcoin rise momentum weakens Analysts warn of fluctuations or approaching local highs

On July 1st, according to reports, an analyst from a certain trading platform stated that Bitcoin's rising trend over the past three months may be losing its upward momentum due to weakened buying pressure, as more and more traders start to take profits. This is the first time that upward momentum has begun to weaken during this rising trend.

However, analysts also warn that from the order flow and on-chain indicators, Bitcoin may be entering a period of consolidation or is close to a local peak, rather than continuing to show "vertical acceleration." Spot trading volume has declined, buying pressure has weakened, and profit-taking behavior has intensified—especially among those short-term holders who have held from below 80,000 dollars until now.