#以色列伊朗冲突 2025/6/17 Tuesday

The conflict between Israel and Iran escalates again, caution in bottom fishing as shorts attack!

In this ever-changing financial market, geopolitical factors have always been a key variable affecting market trends. Recently, the conflict between Israel and Iran has escalated once again, bringing tremendous uncertainty to the global financial market, and the cryptocurrency market is no exception.

In the early hours of the 17th, the situation suddenly became tense. Reports from Iran indicated that an explosion was heard in the eastern part of the capital Tehran, and the air defense system quickly activated to intercept aerial targets. Following this, dense gunfire erupted in Tehran, and at the same time, explosions were heard in Ukraine's Zaporizhia region around seven o'clock. From various signs, Iran seems to have started retaliating, sharply increasing geopolitical risks.

Although US stocks performed strongly yesterday and cryptocurrency prices followed suit, the reasons behind this are worth deeper analysis. This is mainly due to significant inflow into the ETF market, where large amounts of capital have controlled the entire market. From a technical analysis perspective, the daily closing price is undoubtedly an important signal for a market shift. The Bollinger Bands are slowly narrowing, which usually indicates that the market is about to choose a direction. Coupled with the doji candlestick pattern on the weekly chart, if the Federal Reserve does not cut interest rates this week, cryptocurrency prices are expected to break the daily 60-day moving average, around 101600. Considering various factors, a bearish outlook is warranted for this week.

From a specific perspective on resistance and support levels, key resistance levels to watch above are 109200, 110000, and 111000, which will become significant resistance for shorts. Support levels below to watch are 106000, 105000, 104000, 103000, 102000, 101000, and 100000. If the price drops below these support levels, it may trigger a more significant decline.

In addition to the Israel-Iran conflict, protests against Trump's autocratic governance are also escalating, and the future development of the situation is full of uncertainty. The market expects that the Federal Reserve will remain on hold during this week's decision, and under such a macro environment, a bearish outlook seems reasonable. After all, in the current market situation, the higher it rises, the harder it may fall later. Everyone must closely monitor changes in the situation, operate cautiously, control risks well, and protect their capital safety in this unpredictable market.