7.1 Early Morning Analysis and Trading Suggestions



Analysis and Forecast:
Bitcoin maintained a low-level consolidation and repair trend overnight. Prices rebounded to around 59264 before facing resistance and falling back, hitting a low near 57758 before quickly recovering part of the decline. It is currently trading around 58680. From the 30-minute structure, the downward momentum has weakened compared to previous days, with lows not continuing to move significantly lower, indicating that buying support in the 57000-58000 zone is strengthening, and the market is gradually entering a bottoming phase. Ethereum is moving in sync with Bitcoin, rebounding from a low near 1549 and currently trading around 1575, performing slightly stronger than Bitcoin, with signs of funds 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 fund flows. Although there is a lack of major positive catalysts in the short term, ETF funds continue to maintain net inflows, providing some support to the market. Technically, Bitcoin's support near 58000 remains significant. As long as this area is not effectively broken, the consolidation and repair trend is expected to continue. Overall, market sentiment has clearly eased compared to earlier periods. Short-term trends are expected to remain in a bottom consolidation phase, so the trading strategy should continue to favor buying on dips.

Trading Suggestions:
Buy Bitcoin on dips near 57000-57500, targets 59700 and 60700.
Buy Ethereum on dips near 1530-1550, targets 1600 and 1650.$BTC $ETH
BTC0.05%
ETH0.34%
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ShuranR
· 07-01 03:54
7.1 Early Morning Analysis and Trading Suggestions

Analysis and Forecast:
BTC overall maintained a low-range volatile repair trend during the early morning hours, with prices rebounding to around 59264 before facing resistance and pulling back, dipping to a low near 57758. Although there is a lack of major positive catalysts in the short term, ETF capital inflows remain positive overall, providing some support to the market. From a technical perspective, BTC's support near 58000 remains significant. As long as it does not break below this area effectively, the market is still expected to continue its volatile repair trend. Overall, the current market sentiment has clearly eased compared to earlier periods, and short-term movements are likely to focus on building a bottom through consolidation. The trading approach should continue to favor buying on dips.

Trading Suggestions:
BTC: Go long near 57000-57500, targets 59700, 60700.
ETH: Go long near 1530-1550, targets 1600, 1650.$BTC $ETH
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