Highlights for June 13

Today's market greed and fear index is 54, with the greed index down 7 points from yesterday, indicating that market sentiment remains predominantly neutral. The market's 24-hour leveraged positions have 247,000 individuals with a total value of 1.144 billion USD.

Yesterday, we discussed that the market's news was aimed at raising prices to offload. The CPI data released the day before yesterday and the PPI data released yesterday were relatively positive news for the crypto market. After the news was released, the subsequent month typically sees a price spike followed by a sharp drop the next morning. In yesterday's significant correction, a total of 250,000 individuals faced liquidation, resulting in an overnight loss of 1.14 billion USD. Of course, today another reason was provided: there has been conflict in the Middle East, leading to market economic risk aversion and creating a channel for release.

This is how market institutions operate; even when things are chaotic, they try to maintain a facade. On the surface, they claim to be tightening risk aversion, but in reality, they are afraid that future news will lack substance, which is why they provide explanations.

Price Analysis

Today's focus is on BTC:

Resistance levels around 105,200 to 106,200 act as the first and second resistance levels.

Support levels around 103,200 to 102,300 act as the first and second support levels.

(The reason for the early morning drop was due to liquidation and panic selling from the foreign conflict, but after the news settles, there may be a rebound in the market. Weekend trading will also see some price recovery. Tonight and over the weekend, the strategy will be to primarily focus on high short and low long trades, while strictly managing take profit and stop loss levels. Place orders at the first and second resistance levels, with stop losses set about 400 points below the second resistance level.)

Today's focus is on ETH:

Resistance levels around 2566 and 2610 act as the first and second resistance levels.

Support levels around 2465 to 2410 act as the first and second support levels.

(Like BTC, weekend trading will focus on low long or high short strategies. Place orders at the first and second resistance levels, with stop losses set about 20 points below the second resistance level.)

Summary: Weekend trading will see small fluctuations upward for market recovery, and next week will likely continue to decline. Market volatility is significant, so manage take profit and stop loss levels carefully.