BTC: As of June 20, 2025, the current price of BTC is $106400; Yesterday's closing pattern was a "cross line" with sluggish trading volume, indicating an intensified divergence between long and short positions. On chain data, affected by the US stock market shutdown, trading volume and liquidity have been low recently, and market activity is close to weekend levels. Despite the ongoing geopolitical conflict, early players remained emotionally stable and did not see any significant selling. At the macro level, as the Federal Reserve delays expectations of interest rate cuts, tariff policies overlap with geopolitical events, the market is in a "news driven oscillation period". In a low liquidity trading environment, any black swan event can amplify volatility. Overall, the $93000 to $98000 range forms strong support, but chips in the $100500 to $105000 range are rapidly accumulating, especially with over 1.2 million BTC held in the $104000 to $105000 range. If chips continue to concentrate, the market may face directional pressure. In the short term, Bitcoin is often driven by external events during low liquidity periods, and the current volatile pattern may continue. Long term boarding point: 88800-89100 USD range; The range of 82500-82800 US dollars; Position allocation suggestion: Long term BTC accounts for 50% of the total position; The information and data in this content are sourced from publicly available materials and strive for accuracy and reliability. However, we do not guarantee the accuracy and completeness of the information, and this content does not constitute investment advice. Therefore, we assume full responsibility for investing based on this information.