Market Analysis on June 13

1. News: The situation in the Middle East has escalated again, with Israel's operation code named 'Lion's Strength', airstrikes on Iran, causing gold and oil prices to soar, while US stocks and cryptocurrencies plummet. - What happened to the safe-haven assets? Once again, retail investors' money is being used for war!

2. #BTC The price quickly fell back in the early morning due to the news, currently adjusting around 103800. The news combined with the market had already warned of a pullback risk yesterday. After the starting point of 106800 was worn down, it naturally fell, with increased bearish momentum. From a technical perspective, the price has fallen back to the previous adjustment high of 106500 and has also broken the 4-hour Vegas support, as well as the daily Bollinger middle band. If it cannot break through again, it will face further deep corrections. It is worth noting that there is expected to be a large amount of bottom-fishing at the 100000 level, so the institution will inevitably liquidate this portion, hence it is not advisable to bottom-fish, focusing on short positions instead. Resistance is at 105000-106000, support is at 98500-97500.

3. #ETH The market has followed with a pullback, and yesterday's analysis mentioned 'the mid-term Wyckoff distribution trend expectation, seemingly strong but actually weak, with a risk of decline at any time'. Similarly affected by the news in the early morning, it quickly fell to support, rebounding near 2433. Therefore, during the day, it is necessary to pay attention to the resistance at 2540, and consider trying short positions nearby to test for further declines. Technically, it has currently broken the mid-term bullish indicator, and it is necessary to track the daily and weekly Vegas, as well as the weekly Bollinger middle band. Daily resistance is at 2545-2580, support is at 2450-2430.