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6.25 Thursday Midday Market Analysis
BTC has shown an interesting side at 59000
Last night, after piercing the previous low of 59000, the 4-hour chart printed a strong bullish engulfing candle, which is a classic liquidity sweep behavior
The sweep was accompanied by increased volume, pushing the price higher, with some buying following but not strong
If buying pressure continues after the subsequent consolidation and breaks above 62500, the market will start a new round of rebound and recovery.
BTC Trading Suggestions: Go long near 60000, add more near 59000, take profit 61800-62500, stop loss 58000 is very important, don’t get shaken out easily
ETH Trading Suggestions: Go long at 1580-1600, stop loss 1500, take profit 1650-1720