$BTC First of all, it was previously mentioned that Bitcoin might drop below $105,000. In addition, the progress of negotiations between China and the U.S. may affect market sentiment, but the crypto market remains cautious for now, lacking upward momentum. The technical analysis shows that the support level for BTC is at $102,500 and the resistance level is at $105,000. The current date is June 9, 2025. The news data provided by users mentions that the negotiations are taking place in London, marking the first formal talks after a preliminary agreement was reached in Geneva. The market expects the outcome of the negotiations may influence risk sentiment, but the crypto market remains cautious until substantial progress is made. Analysis needs to consider this real-time data, and it is worth noting that data from Greeks.Live shows low implied volatility, indicating that the market does not expect much fluctuation in the future. Next, an analysis of the specific impact of trade negotiations on BTC is required. If progress is made in trade negotiations, it may enhance risk appetite, benefiting the crypto market; conversely, a breakdown may lead to risk-averse sentiment, suppressing prices. If the dollar weakens, it generally benefits cryptocurrencies. However, it is important to consider the key support and resistance levels indicated by the current technical analysis, as well as BTC's recent fluctuations around $106,000. It is necessary to integrate these factors and provide short-term and mid-term analysis. Additionally, users may want to know specific investment advice, such as at what levels to buy or sell, and risk management strategies. Finally, a disclaimer should be attached.