Financial Research Society - July 13, 2025

1. Institutions continue to buy: This week, 45 entities have accumulated the purchase of 4,700 BTC, showing institutional confidence.

2. Funding rate stable: The current rate is 0.0001, with relatively low holding costs.

3. Fear and greed index: Recently at 74 points, market sentiment is leaning towards greed but not extreme.

4. Risk factors:

High-level fluctuations: Prices are close to historical highs, and the risk of a pullback is increasing.

5. Surge in contract holdings: Total holding value is $6.15 billion, hitting a recent high, with significant liquidation risk.

Technical divergence: MACD momentum weakening and price.

Bitcoin broke through the previous high and then stagnated in the four-hour level, falling below the middle Bollinger band in one hour, experiencing high-level fluctuations in four hours, while the daily line still maintains a bullish trend? The greed index continues to rise, and we need to pay attention to the risk of short-term pullbacks.

Ethereum has pulled back to near the support of the four-hour Bollinger middle band, with the five-day line support effective on the daily line. Currently, there is a small rebound, but 3000 remains a heavy resistance, and the rebound is weakening.

Bitcoin's reference fluctuation range for today:

Support levels: Around 115800, around 114500, around 113400

Resistance levels: Around 118000, around 120000

Ethereum's reference fluctuation range for today:

Support levels: Around 2905, around 2844, around 2780

Resistance levels: Around 2990, around 3050

The market is in high-level fluctuations, with weakening rebounds. Yesterday, it was suggested to be cautious with short-term positions and to gradually take profits at highs. The market has begun to pull back and adjust. Ino recommends buying on dips to accumulate, and to do well in high selling and low buying to increase positions! #Market Analysis $BTC $ETH