6.30 Morning Analysis and Trading Suggestions

Analysis and Prediction:
BTC continued the recovery after the oversold drop overnight, retracing to around 59067 before quickly surging to 60666. However, during the rebound, it failed to hold above 60500, then oscillated and fell back. It is currently trading near 59800, indicating short-term bullish support remains, but selling pressure above is still heavy. From the 30-minute structure, price has returned to the previous consolidation range, bearish momentum has weakened compared to previous days, and the market has entered a stage of consolidation and bottoming. ETH followed a similar pattern of bottoming and rebounding, quickly rising from around 1560 to 1637, then continued to pull back and consolidate, currently oscillating near 1595, with the overall rhythm still following BTC. On the news front, the market continues to focus on this week's US economic data, changes in Fed rate cut expectations, and spot ETF fund flows. There are no obvious signs of sustained institutional capital outflows, and market panic has eased compared to earlier. Technically, the support level around 59000 for BTC remains significant; as long as it does not break below this area effectively, there is still potential for further upward recovery. ETH also has strong support near 1550. Overall, the short-term trend is more inclined towards a recovery after consolidation and bottoming, and the trading strategy remains to go long on dips.

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