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6.13 Market Overview: War with Iran, Crypto Market Responds

Bitcoin opened this morning with a long bearish candlestick, and there is a possibility of a corrective rebound during the day.

Morning news: Israel and Iran are at war; Israel attacked Iran's military and nuclear facilities. An Iranian spokesperson stated that the U.S. and Israel will pay a heavy price; however, Iran's rhetoric is strong, but little action has been taken; over the years, Iranian leaders have been executed without much practical action.

Bitcoin started to plummet at 2 AM, completely breaking below the support level of 10.3 on the daily chart. The daily support remains relatively strong; currently, we are observing and waiting for Bitcoin to find its trading range again. However, it is still possible to position on the left side at 10.3, defending the previous low at 10.26, with targets at 10.48 and 10.61.

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