6.18 9:00-23:00 Market Analysis Summary

Today, Bitcoin and Ethereum continued their overall weak downward trend, with clear volume-driven declines throughout the session. Bitcoin oscillated from around 64,780, weakening steadily, with several rebounds but never breaking through the 64,500-64,800 resistance zone. It touched a low of about 63,156 in the evening, with a daily range exceeding 1,600 points, showing a clear bearish dominance. Ethereum also declined from around 1,762, with a low near 1,720, experiencing a larger drop than Bitcoin, indicating that market risk appetite is further decreasing.

From a capital perspective, trading volume continued to expand during the decline, with some high-leverage long positions being passively liquidated, leading to a certain degree of market panic selling. ETF capital flows remain cautious overall; on-chain large transfers have increased, but no extreme abnormal data has appeared yet, mainly reflecting risk-averse funds' increased wait-and-see sentiment.

Technically, after Bitcoin broke below the 64,000 key level, it further tested support around 63,000. The MACD remains in a bearish divergence state, and RSI has entered a weak zone. Ethereum found short-term support near 1,720 but remains within a downward channel, with limited rebound strength.

On the news front, the market continues to focus on the Federal Reserve's future interest rate path, US economic data, and developments in the Middle East. The uncertainty of the international situation combined with declining risk appetite has put pressure on the overall crypto market. Currently, market sentiment is shifting from cautious observation to cautiousness. In the short term, key points to watch are whether support levels around 63,000 and 1,720 can hold, and whether there will be new changes in ETF capital flows. #美伊14点备忘录曝光 $BTC $ETH