Finance Research Society – June 13, 2025

Israeli Defense Minister Katz stated that following Israel's attack on Iran, missile and drone strikes targeting Israel and its civilians are expected in the near future.

The war escalates, and the cryptocurrency market plummets, with Bitcoin dropping to around 102688, retracing to the lower Bollinger Band on the daily chart. The market is weakening, currently in a downtrend, but it is approaching the previous low of around 100350 from the last plunge, so reaching this key support level may lead to a rebound. After the plunge to the low, the market needs to consolidate a bit before a decent rebound occurs. Just like after a surge, it needs to oscillate at a high level for a while before falling back.

Bitcoin today's oscillation range reference:

Support levels: around 103000, around 102400, around 101500

Resistance levels: around 105100, around 106000

Ethereum today's oscillation range reference:

Support levels: around 2480, around 2431, around 2391

Resistance levels: around 2560, around 2620

When there is a sharp decline in profits, it is an opportunity to gradually accumulate spot positions, paying attention to controlling reasonable positions. Bitcoin has fallen below the daily Bollinger Band middle line, and the market is in a downtrend. Short-term participation is for small cycle rebounds. It is advised to be cautious about taking profits at the hourly and four-hour resistance levels. The impact of war and news is significant, so be sure to set stop-loss and take-profit levels.