According to MilkRoadDaily, the crypto market is experiencing a lull, with Bitcoin (BTC) consolidating above $104,000 due to hawkish macro guidance and fading volatility. Singapore-based QCP Capital noted that BTC's front-end implied volatility has dipped below 40%, and options markets indicate traders are hedging against short-term pullbacks. However, Joel Kruger, a strategist at LMAX Group, suggests the technical outlook remains supportive, stating that a move through recent highs could trigger a run toward $145,000 for BTC. For Ether (ETH), Kruger noted that clearing $2,900 could bring the $3,400 level into play. In the near term, BTC is expected to remain in a $102,000–$108,000 range, but the historically strong performance of crypto in the second half of the year suggests a potential for a significant upward move.