#创作者冲榜 Bottoming out and rebounding! A comprehensive review of Bitcoin and Ethereum market movements from last night to today

From 8:30 PM last night until now, the overall crypto market has shown a clear risk-averse volatility pattern. As two major core assets, Bitcoin and Ethereum have simultaneously exhibited a "rapid decline, stabilization at low levels, and slight rebound" trend, maintaining a generally weak oscillation pattern.
Bitcoin was priced around $67,800 at 8:30 PM last night, then quickly plunged due to market sentiment, breaking through the $67,000 and $66,500 levels consecutively. During the early morning hours, it dipped to around $66,200, found support at the critical $66,000 level, and stabilized. Subsequently, with buy-in gradually entering the market, it oscillated and rebounded, currently around $68,000, slightly lower than the same time last night.
Ethereum followed Bitcoin's movements in tandem, starting near $2,070, then weakening under pressure to a low of $2,013. After finding strong support at the $2,000 mark, it oscillated and recovered, currently around $2,075, roughly back to the opening level, showing slightly stronger performance than Bitcoin.
This round of volatility is mainly influenced by multiple external factors: the US dollar index continues to strengthen, suppressing valuations of global risk assets; escalating tensions in the Middle East have shifted funds toward safe-haven assets, increasing selling pressure in the crypto market; combined with liquidity disruptions caused by quarterly options expirations, overall market sentiment remains cautious, amplifying short-term declines. As subsequent low-level buy-ins and easing panic sentiment occur, prices have experienced slight rebounds.
In the short term, Bitcoin and Ethereum still haven't escaped the oscillation pattern. Key support for Bitcoin is at $65,500, while resistance at $69,000 needs to be effectively reclaimed. For Ethereum, the critical support at $2,000 remains important, with $2,080 serving as a short-term resistance level for rebounds. Until macroeconomic conditions and market sentiment significantly improve, the likelihood is for the market to continue trading within a range.
This round of Bitcoin and Ethereum's initial decline followed by a rebound is mainly driven by short-term market sentiment and external macro pressures. In the context of lingering risk-averse sentiment and macro uncertainties, the market is likely to continue oscillating within a range in the near term. Caution is advised in trading, closely monitoring key support and resistance levels, maintaining a rational view of market fluctuations, and implementing proper risk management.