6.9 0:00–9:00 Market Review | Get the Whole Night in 30 Seconds



Last night, the crypto market overall saw a push higher followed by a pullback. In the early morning, the big coin (BTC) peaked at around 64029, then came under pressure and traded sideways before sliding lower. In the morning, it briefly dipped to around 62381, and is currently making a modest recovery around 62700. Structurally, resistance above 64000 remains clearly evident. After the price fell back, the overall focus shifted downward, and the strength of any short-term rebound is relatively weak.

As for ETH, its movement tracked the big coin (BTC) closely. In the early morning, it topped out around 1714, then fell back quickly, with the low dipping to around 1657. It is currently consolidating around 1669. Selling pressure above 1700 is relatively heavy, and short-term funds have only average follow-through in absorbing dips.

From a funding/market flow perspective, overnight trading activity cooled down somewhat. Profit-taking by longs at higher levels was clearly visible, and the market’s momentum-chasing sentiment also cooled. Technically, MACD weakened after being in the high zone, KDJ diverged downward, and RSI retreated from the strong area—suggesting a short-term bias toward range-bound consolidation and repair.

On the news front, expectations for a Federal Reserve rate cut continue to fluctuate. ETF capital inflows have slowed, uncertainty in geopolitical conditions remains, and overall risk appetite has declined somewhat.

Overall, last night’s market shifted from a strong rebound to a high-level pullback. Both the big coin (BTC) and ETH showed clear signs of coming under pressure. In the short term, the key focus is whether support below can hold. #美股AI概念股普涨 $BTC $ETH
BTC0.8%
ETH0.23%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned