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6.30 Morning Thoughts Analysis and Trading Suggestions
Thoughts Analysis and Prediction:
BTC continued its recovery after oversold conditions in the early morning hours, quickly rebounding from a low near 59067 to the 60666 range. However, during the rebound, it failed to hold above 60500, and subsequently pulled back, currently trading around 59800. This indicates short-term bullish support remains, but overhead selling pressure is still heavy. Looking at the 30-minute structure, the price has returned to the previous consolidation range, with bearish momentum weakening compared to previous days, indicating the market is entering a bottoming phase. ETH also followed a similar pattern, surging from around 1560 to 1637 before pulling back and consolidating, currently oscillating near 1595, following BTC's overall rhythm. On the news front, the market continues to focus on this week's U.S. economic data, changes in Fed rate cut expectations, and spot ETF capital flows. There are no obvious signs of sustained institutional outflows, and market panic has eased compared to earlier periods. From a technical perspective, BTC's support near 59000 remains significant. As long as this area is not broken effectively, further upside recovery is likely. ETH also has strong support near 1550. Overall, the short-term trend leans toward a bottoming and recovery phase, with the trading strategy favoring buying on dips.
Trading Suggestions:
BTC long near 58500-59000, target 61000, 62000.
ETH long near 1520-1550, target 1620, 1650.$BTC $ETH
Thought Analysis and Forecast:
Bitcoin continued its recovery after an oversold bounce in the early hours, with a minimum pullback to around 59067 before rapidly surging to the 60666 level. However, during the rebound, it failed to firmly hold above 60500, then fluctuated and fell back. It is currently trading near 59800, indicating that short-term bullish support remains, but the overhead selling pressure is still heavy. From the 30-minute structure, the price has returned to the previous range-bound zone, and bearish momentum has weakened compared to previous days. The market is entering a stage of consolidation and bottoming. Ethereum also showed a similar pattern of bottoming out and rebounding, quickly rising from around 1560 to near 1637, then continuously pulling back and consolidating. It is currently oscillating around 1595, following Bitcoin's overall rhythm. On the news front, the market continues to focus on this week's U.S. economic data, changes in expectations for the Fed's rate cut, and spot ETF fund flows. Institutions
Trading Suggestions:
Bitcoin long near 58500-59000, targets 61000, 62000.
Ethereum long near 1520-1550, targets 1620, 1650.
$BTC $ETH