July 2 Bitcoin and Ethereum Trend Analysis

Bitcoin’s current price is around 60000. Based on the indicators, the 4-hour MACD histogram’s green bars have turned red and continue to expand, indicating that the rebound that started from 57758 was not a random push—it does have genuine recovery strength.

However, the 1-hour MACD red bars have begun to shorten, and the 15-minute MACD is still below the zero line, which shows that after the short-term surge, momentum has not fully carried through—so it’s not suitable to chase longs here.

For Bitcoin today, the key focus is the 59200-59700 range. As long as this range holds, you can look for longs with a small position size. Place the stop loss above 58800 first, and look for 60800 initially.

If Bitcoin breaks below 58800, it means the recovery around 60000 has failed.

Ethereum is a bit stronger than Bitcoin. It is currently around 1610. Ethereum’s 4-hour MACD recovery is smoother than Bitcoin’s, and the RSI is also above 50, indicating stronger short-term support. However, the 1-hour MACD has already started to weaken, so you still shouldn’t chase Ethereum directly.

For Ethereum today, the key focus is the 1605-1590 range. If this range doesn’t break, you can continue looking for longs. Set the stop loss at 1580. First target 1640. If Ethereum breaks below 1580, treat this round of short-term longs as a failure.

I’m responsible for planning—you’re responsible for reference. By the way, if it works, come back and like; if it’s wrong, cut the loss in time. Opportunities come every day, but your principal is only once.