7.1 Morning Analysis and Operational Suggestions

Analysis and Prediction:
Bitcoin overall maintained a low-level consolidation and repair trend in the early morning, with prices rebounding to around 59264 before facing resistance and falling back, hitting a low near 57758, then quickly recovering part of the decline, currently trading around 58680. From the 30-minute structure, the downward momentum has weakened compared to previous days, and the lows have not continued to move significantly lower, indicating that buying support in the 57000-58000 area is strengthening, and the market is gradually entering a bottoming phase. Ethereum's trend is in sync with Bitcoin, with a low around 1549 before gradually rebounding, currently trading near 1575, performing slightly stronger than Bitcoin, with signs of capital flowing back to major coins. On the news front, the market continues to focus on this week's US non-farm payroll data, the Federal Reserve's interest rate cut expectations, and the flow of spot ETF funds. Although there is a lack of major positive catalysts in the short term, ETF funds overall maintain net inflows, providing some support to the market. From a technical perspective, the support near 58000 for Bitcoin remains significant. As long as it does not effectively break below this area, it is expected to continue the consolidation and repair trend. Overall, current market sentiment has noticeably eased compared to the previous period, and it is expected that the market will mainly consolidate and bottom out in the short term. The operational strategy continues to focus on buying on dips.

Operational Suggestions:
Bitcoin: go long near 57000-57500, target 59700, 60700.
Ethereum: go long near 1530-1550, target 1600, 1650.$BTC $ETH