6.9 Unemployment Benefits Tsunami Approaches! BTC Repeatedly Narrowly Fluctuates, How to Choose Between Long and Short?

The weekend is pretty simple; there is much less noise in the market when the US stock market is closed. Today, the argument between Trump and Musk continues, with Trump stating that his relationship with Musk is over and threatening Musk not to sponsor Democratic candidates. However, Vice President Vance has publicly expressed hope that Musk will calm down and return to Trump's team, as Trump does not want to have a bitter feud with Musk. In any case, at least there were no new disturbances over the weekend, and although trading volume remains low, BTC's price is still quite stable. It is likely that the market has good expectations for the upcoming China-US talks starting on Monday, although it should actually be Tuesday in Beijing time.

Looking at BTC's data, it has indeed slowed down after entering the weekend, with turnover rates decreasing and investor sentiment easing. Even the large number of loss-making investors who left the market a few days ago have reduced their exit movements, and now we are just waiting for the US stock market to open on Monday. From the support data, there are still no changes; the range from $93,000 to $98,000 remains the best support, while positions between $100,000 and $105,000 continue to accumulate. For now, this range remains relatively stable.

The current price of ETH is around 2523, sitting at the upper edge of the strong support range of 2491-2523. Indicators show that the buying proportion in this area reaches 95%, but the selling pressure at the resistance level of 2629 has surged, forming a clear gap in positions. Combined with the KDJ overbought signal, the risk of a pullback increases. The 4-hour candlestick chart shows a top formation, along with trading volume shrinking to 35.83% of the recent average, indicating insufficient upward momentum. The EMA24 crossing below the EMA52 confirms the bearish trend.

Operation Suggestions:

BTC Short at 106200-106700, target around 102000-98000. Stop loss at 107000.

ETH Short at 2530-2570, target around 2400-2300. Stop loss at 2610.