7.2 Evening BTC/ETH Market🍜 Shiyuan's View


Waiting before Nonfarm! Can the low-level repair and rebound continue?
Recently, BTC started a repair from the low of 57758, surged to 61295 then faced resistance and pulled back. ETH simultaneously rebounded from 1510 to 1648 but encountered resistance. Market funds are cautious, volatility is narrowing, awaiting tonight's Nonfarm data to break the consolidation pattern.

Today's market shows an oversold rebound repair, with clear upward pressure and insufficient rebound volume. Focus on BTC support at 60000 and ETH support at 1600. If held, the range will consolidate; if broken, it will return to weakness. Before the data release, short-term trading with high sells and low buys is advised.
BTC → now 61295
Resistance: 61300, 62000, Support: 60000, 58800
ETH → now 1648
Resistance: 1648, 1670, Support: 1600, 1560

Trading Suggestions:
BTC
1. Under pressure at 61300-62000, you can place short positions, stop loss 62300, targets 60200 → 59000 → 58800
2. Retrace to around 60000 and stabilize, then try a small long position, stop loss 58700, rebound target 61200; do not add heavy positions for bottom-fishing before Nonfarm.

ETH
1. Under pressure at 1648-1670, enter short, stop loss 1690, targets 1600 → 1560 → 1510
2. Only if strong buying support appears below 1560, then lightly try a long, stop loss 1540, target 1630$BTC $ETH
BTC2.70%
ETH5.54%
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