Bitget Research Institute: Key support level for Bitcoin is $108,500, resistance level is $130,000

ChainCatcher news, Bitget Research Institute's chief analyst Ryan Lee stated that driven by multiple positive factors such as the Trump campaign team's release of pro-crypto signals, continuous inflow of ETF funds, and increased institutional capital allocation, Bitcoin recently broke through $117,000, and market sentiment has significantly warmed. He pointed out that BTC is expected to stabilize at $125,000 in the third quarter, with a key support level at $108,500 and a resistance level at $130,000, overall likely oscillating between $105,000 and $150,000.

Regarding Ethereum, benefiting from ETF demand, expectations for the Pectra upgrade, and increased DeFi activity, Ryan noted that the average price of ETH in the third quarter could reach $3,800. If it breaks through the resistance level of $3,700, it may further challenge $5,000.

At the same time, Ryan also reminded investors that although the overall fundamentals are solid, there are still uncertainties in the market. Traders should be prepared for fluctuations of 10-30% and closely monitor the impact of macroeconomic changes on the market.