30 Seconds to Understand a Whole Night: Market Summary from Midnight on June 3rd to 9 AM

Last night, the market continued its overall weak sideways decline, with Bitcoin reaching a high of around 68,121, then remaining under pressure and falling back, with a low of about 66,150, nearly a 2,000-point fluctuation in one night; Ethereum Classic also declined from around 1,944 to about 1,837, a drop of over 100 points. Overall, the bears still firmly hold the market’s dominant position, and the bulls’ rebound strength is clearly insufficient.

From a price structure perspective, Bitcoin formed a short-term resistance zone near 68,000, repeatedly failing to break through effectively, with lows continuously moving lower; Ethereum Classic’s trend was relatively weaker, losing the 1,900 level and further releasing downside potential. In terms of capital flow, trading volume increased overnight, some high-leverage positions were liquidated, market risk appetite continued to decline, and funds remained cautious.

Technically, MACD bearish momentum is still being released, KDJ is operating at low levels, and RSI has entered oversold territory, indicating a short-term need for technical correction, but no clear reversal signals have been seen yet. On the news front, the market continues to focus on Federal Reserve rate expectations, ETF capital flows, and global geopolitical developments. Amid rising risk aversion, assets like gold and U.S. Treasuries performed relatively strongly, while the crypto market was under obvious pressure.

Overall, last night’s keywords are: rebound blocked, continuation of the downtrend, leverage liquidation, rising risk aversion. Going forward, key support levels to watch are around 66,000 for Bitcoin and 1,830 for Ethereum Classic, to see if the market can show signs of stabilization. #微策略出售32枚比特币 $BTC $ETH