7.1 Bitcoin Ethereum Market Analysis

On the first day of July, may all good things arrive like the number seven. Looking back at the early morning market, as expected, there were upward and downward wicks, creating a range of over 2000 points, with the lowest point at the 57758 low just now. The overall volatility has widened. As the three tracks gradually become parallel, the market has once again entered a sideways consolidation pattern. Of course, this situation will not last long; the long lower wick below indicates solid support and the possibility of a subsequent upward move!

From the current chart, the daily level trend remains in a consolidation pattern. The lower support at 58000 has not been broken. With no major news to change the current trend, it is basically following the technical pattern. The four-hour level market has also rebounded, quickly recovering after exiting the oversold zone. Although the lower track has slightly shifted down, the overall market still has a rebound expectation. Going forward, focus on the 58000 support level and look upward with 58000 as the pivot!

btc: long near 58000 target 60000

eth: long near 1550 target 1610

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