Sounds right to me. As it’s currently configured, the condition would never evaluate to true as the time can’t be both before 6:45 AM and after 10:45 PM.
Instead, you would want to use a single time condition with between 10:45 PM and 6:45 AM and you’ll notice that it shows the second time as +1 day indicating it’s an overnight condition.
The following post visualizes the concept applied to separate Sunrise and Sunset conditions and why you would need to use an OR condition in that case. But since you’re using specific times, using a single between times condition is even better/simpler.