### 7.1 Afternoon Bitcoin Market Analysis

This morning, the price fell to 57758, only to be quickly counterattacked by the market’s “Bulls,” and it ultimately closed a bullish candle with a long lower wick. This suggests that although the price broke below the previous low of 58030, in the short term it still has not been able to effectively open a downward channel; the 58000 area still has relatively strong support. Currently, price is trading around 59000, and it is still not possible to confirm whether the Bulls can stabilize above 59000. ETH is also seeing consecutive bullish candles, carrying out a rebound and repair, but the trend slows as it approaches the 1600 level. We won’t always encounter the perfect market we want—only by accepting the market’s imperfections can we catch the market’s gifts.

At this stage, it is a period of reduced volume rebound and repair after a pullback. It can be seen that the price clearly meets resistance near 59000; after the upward push runs out of steam, it pulls back slightly. Structurally, on the 1-hour level this morning, after forming a long lower-wick dip at 57758, the market then pushed the price above 59000 with several consecutive small bullish candles. However, the subsequent appearance of bearish candles also indicates that rebound momentum is weakening. Moreover, the higher the price is pushed, the smaller the candlestick bodies and the weaker the strength—this implies that the Bulls’ willingness to follow up in the 59000–59200 area is not strong. At present, it is suggested not to hold short-term positions for too long, especially if the short-term long setup is involved, because the signals for bottoming and stabilization below are still not clear, and there is a possibility of a second breakdown afterward. The same applies to ETH—regarding support below, we should first look around 1550. #Gate完成141只股票股息派发 $BTC