7.1 Early Morning Analysis and Operation Suggestions

Analysis and Forecast:
BTC maintained a low-level consolidation and recovery trend in the early morning, with prices rebounding to around 59264 before facing resistance and pulling back, hitting a low near 57758, then quickly recovering part of the losses, currently trading around 58680. From the 30-minute structure perspective, the downward momentum has weakened compared to previous days, and the lows have not continued to drop significantly, indicating that buying support in the 57000-58000 area has strengthened, and the market is gradually entering a bottoming phase. ETH's trend is in sync with BTC, with a low near 1549 before gradually rebounding, currently trading around 1575, showing slightly stronger performance than BTC, with signs of capital flowing back to mainstream coins. On the news front, the market continues to focus on this week's US non-farm payroll data, the Fed's rate cut expectations, and spot ETF capital flows. Although there is a lack of major positive catalysts in the short term, ETF capital inflows remain net positive, providing some support to the market. From a technical perspective, support around 58000 for BTC remains significant; as long as this area is not effectively broken, the market is expected to continue its consolidation and recovery trend. Overall, market sentiment has clearly eased compared to earlier periods, and short-term expectations are for continued consolidation and bottoming. The trading approach remains to buy on dips.

Operation Suggestions:
BTC pullback around 57000-57500, go long, target 59700, 60700.
ETH pullback around 1530-1550, go long, target 1600, 1650.$BTC $ETH