Musk and Trump are at odds, initially, it was the two of them who boosted the market, so their conflict will inevitably lead to mutual loss, and a market downturn is to be expected! If the conflict continues, the impact will grow larger, and it’s time to reveal some serious information. However, it’s also possible that after a couple of days of conflict, they suddenly reconcile, as both understand that continuing to fight is not beneficial for either. Thus, this market situation is mixed with news factors; if they suddenly announce that they have made up, the market will undoubtedly rise again.

Simply from the perspective of K-lines, Bitcoin at the 100,000-102,000 range has strong support from major forces, unless there’s significant news, it doesn’t seem likely to drop directly to 98,000. ETH around 2,400 is also a strong support position, so short positions have all taken profit.

This position is likely to require repeated testing of support strength; if it keeps failing to drop and the conflict eases, there will be an opportunity to go long.