June 9th, 9:00-23:00 Market Summary

Regarding Bitcoin, during the day it rebounded to around 63,499 before facing resistance and pulling back, with the lowest point at around 61,075 in the evening. Subsequently, a technical rebound occurred, and it ultimately closed above 61,500. Overall, the 63,400-64,000 region once again proves to be a strong resistance zone. After the price repeatedly attempted to break through but failed to stabilize, profit-taking by bulls concentrated, and bears regained short-term control. Structurally, the highs are gradually declining, and the lows are continuously being refreshed, indicating the market has shifted from the previous rebound phase into a weak correction stage.

Regarding Altcoins, the highest touched around 1,696 before falling back in sync, with the lowest dropping to around 1,632 in the evening. It then followed Bitcoin’s recovery and is currently trading near 1,650. The selling pressure above the 1,700 level has significantly increased, and multiple attempts to break through have failed, triggering short-term capital to exit. The overall trend is weaker than during the recent rebound phase.

From a capital perspective, trading volume at night has increased compared to previous periods, but mainly during the decline phase, indicating active sell orders are dominant. Technically, the MACD remains in a death cross at high levels, the KDJ continues to diverge downward, and the RSI has fallen into a neutral to weak zone, suggesting further pressure release is still needed in the short term.

On the news front, expectations of Federal Reserve rate cuts fluctuate, ETF capital inflows slow down, and geopolitical tensions persist, all suppressing market risk appetite. Overall, last night’s market mainly showed a rebound followed by a retreat and weakness. In the short term, focus remains on whether support around 61,000 can hold. #Gate直通IPO认购SpaceX $BTC $ETH