6.30 Morning Thought Analysis and Trading Suggestions

Thought Analysis and Forecast:
BTC continued its oversold recovery in the early morning, retracing to around 59067 before quickly surging to the 60666 level, but failed to effectively hold above 60500 during the rebound, then pulled back in a volatile manner and is currently trading near 59800. This indicates that short-term long support remains, but sell pressure above is still heavy. On the 30-minute structure, prices have returned to the previous consolidation range, with bearish momentum weakening compared to previous days, and the market has entered a bottoming phase. ETH similarly saw a bounce from lows, quickly rising from around 1560 to near 1637, then continued to pull back and consolidate, currently oscillating around 1595, still following BTC's overall pace. On the news front, the market continues to focus on this week's U.S. economic data, changes in expectations for Fed rate cuts, and spot ETF flows. There are no significant sustained outflows from institutional funds so far, and market panic has eased compared to earlier. Technically, the support around 59000 for BTC remains evident; as long as this area is not effectively broken, further upward recovery is still likely. Similarly, ETH has strong support near 1550. Overall, the short-term trend leans toward a recovery after bottoming out, and the trading approach 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