Read a whole night in 30 seconds (6.16 00:00-09:00)

Last night, the market mainly experienced a correction and recovery, with Bitcoin continuously falling from around 67,255, touching a low of 66,065, a decline of nearly 1,200 points, then finding support at the 66,000 level and beginning a weak rebound; Ethereum also retreated from around 1,848 to about 1,781, a drop of over 60 points, and then recovered to above 1,790 to fluctuate.

From a capital perspective, profit-taking after the weekend rally was concentrated, short-term funds clearly flowed out, high-leverage long positions cooled down, and market enthusiasm for chasing gains decreased. Technically, Bitcoin broke below the short-term upward trend line, the MACD death cross at high levels persisted, and RSI retreated to a neutral to weak zone; Ethereum's trend was relatively weaker, with the 1,800 level becoming an important short-term resistance.

On the news front, no new major positive catalysts have appeared, ETF capital inflow slowed, and the Federal Reserve maintaining high interest rate expectations continued to suppress risk asset sentiment. Meanwhile, international uncertainties remain, and risk aversion sentiment has temporarily increased.

Overall, last night was a typical profit-taking at high levels, the bullish trend was not completely broken, but the short-term entered a phase of oscillation and correction, with market sentiment shifting from optimism to caution. $BTC $ETH