Read a whole night in 30 seconds

From 0:00 to 9:00 on June 18, Bitcoin and the altcoins collectively exhibited a "sharp decline first, then recovery" overnight pattern. Bitcoin quickly fell from around 66,400, touching a low near 63,881, then strengthened its support at lower levels, gradually rebounding above 64,600; the altcoins similarly declined from around 1,795 to about 1,724, then recovered to above 1,750. Overall, the overnight bearish pressure was relatively concentrated, but the low levels did not continue to see increased volume breaking through support, indicating that after the panic was released, buying interest began to emerge.
In terms of capital flow, trading volume increased during the decline phase, with some short-term positions exiting the market, and market sentiment was temporarily cautious. The rebound phase saw a reduction in volume, mainly technical recovery after bottoming out rather than a strong reversal. Large on-chain transfers remained stable overall, ETF capital showed no obvious abnormal fluctuations, suggesting that there are no new extreme negative shocks in the market for now.
From a technical perspective, short-term support is formed around 63,800 for Bitcoin, with noticeable support near 1,720 for altcoins. The MACD bearish momentum is beginning to converge, the KDJ indicator shows signs of recovery at low levels, and the RSI is gradually rising from a weak zone.
On the news front, the market continues to focus on the Federal Reserve's interest rate path, developments in the Middle East, and ETF capital flows. Overall, last night’s market was a low-level recovery after a decline, with short-term sentiment shifting from panic to watchfulness. The key points to watch are whether support can hold and whether the rebound volume can be sustained. #STRC跌破面值11%创上市新低 $BTC $ETH