BTC: As of June 20, 2025, the current price of BTC is $106,400; the closing pattern yesterday was a 'doji', with trading volume sluggish, indicating an intensifying divergence between bulls and bears.

On-chain data shows that due to the US stock market being closed, recent trading volume and liquidity are low, with market activity approaching weekend levels. Despite ongoing geopolitical conflicts, early players remain stable in sentiment, with no significant sell-offs observed.

On a macro level, with the Federal Reserve delaying interest rate cut expectations and the combination of tariff policies and geopolitical events, the market is in a 'news-driven volatility period'. In a low liquidity trading environment, any black swan event could amplify volatility.

Overall, a strong support range has formed between $93,000 and $98,000, but the accumulation of chips in the range of $100,500 to $105,000 is rapid, especially in the range of $104,000 to $105,000, where over 1.2 million BTC are held. If the chips continue to concentrate, the market may face pressure for directional choices. In the short term, Bitcoin is often driven by external events during low liquidity phases, and the current oscillation pattern may continue.

Long-term entry points: $88,800-$89,100 range; $82,500-$82,800 range;

Position allocation suggestion: 50% of total position in long BTC;

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