Finance Research Society ~ June 18, 2025

1. The US SEC delays approval of Franklin's XRP and Solana spot ETFs;

2. Nasdaq-listed Bitcoin financial services company Fold Holdings has signed a $250 million equity financing agreement, with the funds primarily aimed at increasing Bitcoin reserves.

After a four-hour rebound in Bitcoin, a flash crash occurred last night, dropping directly to around 103,500 in just four hours. The price has once again fallen below the middle Bollinger Band in the four-hour chart, retreating to support near the lower band, while the daily Bollinger Bands remain weak. The market has seen significant declines, and a small cycle rebound is expected today. Recently, Bitcoin has experienced sharp rises and falls, exhibiting high volatility. It is believed that during short-term trading, every rebound of Bitcoin to the previous high of around 110,000 presents an opportunity to take profits, as the previous high has not been broken. Quick gains should be sold off, and quick dips should be bought; patience in waiting for opportunities is key to achieving good returns!

Bitcoin's reference range for today:

Support levels: around 104,500, around 103,500, around 102,800

Resistance levels: around 106,000, around 107,500

Ethereum's reference range for today:

Support levels: around 2,500, around 2,460, around 2,441

Resistance levels: around 2,570, around 2,620 #Strategy增持比特币 $BTC $ETH