6.30 Early morning analysis and trading suggestions

Analysis and Prediction:
BTC continued its recovery after oversold conditions in the early morning, dipping to around 59067 before quickly rallying to 60666. However, it failed to hold above 60500 during the rebound and subsequently oscillated lower. It is currently trading around 59800, indicating that short-term buying support remains, but selling pressure above is still heavy.
From a 30-minute structure perspective, the price has returned to the previous consolidation range. Bearish momentum has weakened compared to previous days, and the market is entering a phase of bottoming consolidation.
ETH also bottomed and rebounded, quickly rallying from around 1560 to 1637, then continued to pull back and consolidate. It is currently oscillating around 1595, following BTC's overall pace.
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 fund flows. There are no signs of sustained institutional fund outflows, and market panic has eased compared to earlier.
Technically, support around 59000 for BTC remains obvious. As long as this area is not effectively broken, further upside recovery is expected. ETH also has strong support near 1550.
Overall, the short-term outlook leans toward a recovery after bottoming consolidation, and the trading strategy remains to buy on dips.

Trading Suggestions:
BTC long near 58500-59000, targets 61000, 62000.
ETH long near 1520-1550, targets 1620, 1650.
$BTC $ETH