Finance Research Society ~ July 13, 2025

1. Institutions continue to buy: This week, 45 entities have collectively purchased 4,700 BTC, indicating institutional confidence.
2. Funding rate stability: Current rate is 0.0001, and the holding cost is relatively low.
3. Fear and Greed Index: Recently at 74 points, market sentiment is leaning towards greed but not extreme.
4. Risk Factors:
High-level volatility: Prices are close to historical highs, and the risk of a pullback is increasing.
5. Contract positions surge: total position value reaches $6.15 billion, hitting a recent high, with significant liquidation risk.
Technical divergence: MACD momentum weakening and price

After breaking through the previous high, Bitcoin experienced a stagnation and pullback at the four-hour level. It broke below the middle band of the Bollinger Bands on the one-hour chart, and is currently oscillating at a high level on the four-hour chart. The daily chart still maintains a bullish trend. The greed index continues to rise, and we need to pay attention to the risk of a short-term pullback.
Ethereum has fallen to the support near the middle band of the Bollinger Bands on the four-hour chart. The five-day moving average support on the daily chart is effective. Currently, there is a slight rebound, but 3000 remains a heavy resistance, and the rebound is weakening.

Reference for Bitcoin's volatility range today:
Support levels: around 115800, around 114500, around 113400
Resistance levels: around 118000, around 120000
Ethereum today's fluctuation range reference:
Support levels: around 2905, around 2844, around 2780
Resistance levels: around 2990, around 3050

The market is in a high-level fluctuation, and the rebound is weakening. Yesterday, it was advised to pay attention to taking profits in batches when the market rises. The market has begun to decline and adjust. In accordance with the suggestion, it is recommended to buy on dips, and to make sure to sell high and buy low to increase the positions!