Thursday Summary, Early Morning July 3 Bitcoin and Ethereum Market Analysis and Trading Suggestions

Markets are born in despair and advance in hesitation. Reviewing yesterday (Thursday), the overall market showed a strong rebound pattern with a bottom-finding rally. After prolonged low-range consolidation and bottom-building, a continuous rebound began.

Bitcoin steadily climbed higher, testing the upper resistance at 62,180 during the evening session, with an intraday gain of over 3,000 points. The low point continued to rise throughout the day, showing strong bullish momentum. Ethereum also exhibited a strong bullish trend, with consecutive solid bullish candlesticks surging upward, reaching a new阶段性 rebound high of 1,725.

Zhi Lan's actual trading situation: In the afternoon, a short position was opened but is currently slightly in a loss. As the market later surged strongly, we followed the trend and opened long positions. Bitcoin collectively harvested 1,941 points, while Ethereum gained 83 points, clearly following the market trend and switching rhythm without letting short-term floating losses disrupt trading mentality.

The overall market is currently experiencing a phased repair rebound. Bitcoin has stabilized above the key watershed level of 61,300. The medium-to-long-term repair rebound is preliminarily emerging, with bullish momentum fully released. However, after a round of continuous large gains, a technical pullback is likely, and any pullback represents the best opportunity to re-enter. On the daily chart, two large bullish candlesticks have not only engulfed the previous days' consolidation range but also firmly stood above key medium-term moving averages, clearly signaling a stop of decline. On the 4-hour chart, after a strong break above the middle Bollinger Band, the candlesticks have continuously closed bullish, with lows gradually rising. The rebound structure is intact, showing an obvious acceleration upward. Currently, it has stabilized above the key watershed levels of 16,300 and 1,680, breaking out of the bottom consolidation range and initiating a repair rebound. The medium-to-long-term bearish pattern has been broken at this stage. The rebound structure has been preliminarily established, but a pullback is needed after the large gains. The core of trading is to enter long positions based on pullback support levels.

Bitcoin: Go long near 61,000, target 61,900 → 62,800
Ethereum: Go long near 1,680, target 1,715 → 1,820
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