6.13 Highlights
The SEC has delayed decisions on Bitwise Dogecoin, Grayscale Hedera, and VanEck Avalanche ETFs
The situation in the Middle East has drastically changed, with inhumane airstrikes on Iranian nuclear facilities conducted at 3 AM last night, which could lead to a larger outbreak in the coming days, significantly impacting the cryptocurrency space
BTC closed with a large bearish candle yesterday, once again falling below the 103,000 mark, with recent days showing high-level fluctuations and declines. The sudden news from last night will have a considerable impact on the overall market, and the short-term situation may heat up, increasing retail investors' panic levels. Safe-haven funds are flowing back into gold and crude oil, while Bitcoin is still treated as a high-risk asset and is under pressure in the short term. However, if the situation escalates and oil prices rise, global inflation expectations may reignite.
Today, pay attention to the upper resistance level at 105-106 and the lower support level at 102-103. If the situation remains unstable and breaks down, we may head towards the weekly bottom around the 95,000 mark.
After several days of volume increase, ETH has not stabilized around 2850, experiencing a pullback after reaching higher levels. The support area around 2380-2400 has also been a point where the weekly price has repeatedly peaked and fallen back. This support level is quite strong; if it does not break in the short term, it is possible to enter the market directly. Ethereum is expected to continue strengthening, and the factors causing these changes are unpredictable. Today, focus on the lower support range of 2420-2380, and the upper pressure range of 2520-2560.
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