Bitcoin and Ether overall exhibit a "sharp decline first, then recovery" nighttime pattern. Bitcoin quickly retreated from around 66,400, touching a low near 63,881, then strengthened on low positions, gradually rebounding above 64,600; Ether simultaneously dipped from around 1,795 to about 1,724, then recovered above 1,750. Overall, the overnight bearish pressure was relatively concentrated, but the low levels did not continue to see increased volume and breakdown, 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. Subsequently, during the rebound phase, volume contracted somewhat, mainly representing 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, and there is noticeable buying interest near 1,720 for Ether. The MACD bearish momentum is beginning to converge, the KDJ 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 correction 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. $BTC ‌#我的Gate交易时刻