6.7 Saturday, Latest Bitcoin Market Analysis:

Yesterday, due to the argument between Trump and Biden, the market experienced a significant technical correction. After Bitcoin stabilized around the low point of 100305, it began a fluctuating upward channel, with bulls continuously pushing the price to a high point of 105283 during the day, showing a resilient increase. Currently, short positions are still held, and the strategy remains to short from a high position.

The current maintenance of the coin price is not due to an increase in buying power, but rather a decrease in selling volume. If negative news increases selling pressure, and buying power does not rise correspondingly, the current situation will continue. However, there is no essential impact on Bitcoin at the moment; it is more about the emotional release of U.S. stock traders.

Short Bitcoin around 105200-104800, targeting 102000.

Short Ethereum around 2530-2500, targeting 2400.