$BTC Crypto Liying: Latest Market Analysis of Bitcoin (BTC) and Ethereum (ETH) on July 2

Bitcoin current price 60,000. Calm before the storm, ambush ready and wait for the wind. Technical indicator EMA moving averages: EMA7 has already crossed above golden cross, price stands above the short-term lifeline, this is the first signal of short-term strengthening. The MACD indicator lacks sufficient momentum for a bullish counterattack, more like a technical repair after oversold. Currently, the Bollinger Bands are extremely narrow, with both upper and lower bands converging towards the middle band, and price is compressed within a narrow channel of 58,000-60,000. This narrowing pattern usually indicates an upcoming unilateral big move. As long as a big bullish candle breaks through the upper band resistance at 60,100, it can confirm a reversal signal; otherwise, touching the upper band can easily trigger a new round of selling pressure.

Short-term strategy reference:

Long entry: 59200-58700, stop loss 58200, target 60300 aiming for 61200

Short entry: 60800-61300, stop loss 61800, target 60200 aiming for 59000

Ethereum

Before publication, Ethereum current price 1617. During the previous decline, volume contracted sharply, indicating selling pressure is not that fierce; in recent days, small bullish candles have been slowly climbing, with bulls quietly accumulating. But don't rush to chase highs, as the area above 1650-1700 is a dense resistance zone from trapped positions, and a breakout requires volume confirmation. Currently, this level is in an awkward period with resistance above and support below, with the moving average system in a recovery state after a bearish arrangement. The MACD indicator shows increasing bullish momentum, but not yet in a strong range. The Bollinger Bands touched the upper band at 1607 and then slightly pulled back, with the middle band at 1582 becoming short-term support, and the lower band at 1557 acting as strong support. Overall, indicator convergence shows short-term bullishness, but the medium-term trend has not yet fully reversed.

Short-term level reference:

Long entry: 1540, defense 1500, stop loss 1450, target 1600 aiming for 1650

Short entry: 1650, defense 1700, stop loss 1750, target 1600 aiming for 1550

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