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6.25 Thursday Midday Market Analysis
An interesting situation has emerged at BTC 59000
After piercing through the previous low of 59000 last night, a strong bullish engulfing candle appeared on the 4-hour chart, which is a typical liquidity sweep behavior
The sweep action increased trading volume, driving the price rebound, with some buying following, but not strong
If buying follows after the subsequent adjustment and breaks through 62500, the market will start a new round of rebound repair.
BTC Trading Suggestion: Go long near 60000, continue to add positions near 59000, take profit at 61800-62500, stop loss at 58000 is very important, don't get shaken out easily
ETH Trading Suggestion: Go long at 1580-1600, stop loss at 1500, take profit at 1650-1720