BTC 60009 ETH 1609: Bull Run Starts or Fake Pump Before NFP. July Price Targets Inside

Market Snapshot

Bitcoin latest 60009 up 3.2 percent in 24 hours
ETH latest 1609 up 3.4 percent in 24 hours
BTC Dominance 58.40
Total Crypto Market Cap 2.24T
Fear and Greed Index 65 Greed

Top searches: Bitcoin price today, ETH price prediction, crypto bull run 2024, BTC 60k resistance, Ethereum ETF news, buy crypto now

1. The Pump: Why BTC ETH Green Today

What is driving crypto up. 3 catalysts hit at once:
ETF Inflows Return: Bitcoin spot ETFs saw 310M inflows yesterday. BlackRock IBIT alone took 180M.
ETH ETF approval odds jump to 85 percent for July. Institutions front running.

Short Squeeze: 210M in shorts liquidated above 59500. BTC funding rate flipped positive. Bears got trapped. Classic squeeze into NFP.

Risk On Macro: Nasdaq up 1.4 percent. Dollar down 0.6 percent. US stocks closed tomorrow for Independence Day. Money rotates to 24/7 crypto before holiday.

2. The Risk: NFP Tonight Can Kill This Rally
What is NFP. US June nonfarm payroll data releases tonight at 15:30 UTC. Forecast 190k jobs. Unemployment 4.0 percent.

Why it matters for crypto:
Hot NFP above 250k: Fed stays hawkish. Rate cuts pushed to December. BTC dumps to 57200, ETH to 1520. Risk off.

Cool NFP below 150k: Fed cuts in September likely. Risk on. BTC breaks 61000, ETH targets 1680. Bull run continues.

Base case 190k: Choppy. BTC ranges 58500 to 60800 until stocks reopen Friday.

BTC Dominance 58.40 is the key. If dominance breaks below 58 with BTC up, altseason starts. If dominance spikes to 59.5, BTC pumps alone and alts bleed.

3. July Price Targets: Support and Resistance
Bitcoin technical levels:

Bullish break: Close above 60800. Next stop 63000 then 67000. RSI 61 with room to 70.

Bearish fail: Reject at 60500 and close below 58800. Next stop 56200 then 54000.

Base case: BTC 58500 to 60800 range until NFP clears. Buy dips above 58000.

Ethereum technical levels:

Bullish break: Close above 1620. Next stop 1680 then 1740. ETH ETF hype builds.

Bearish fail: Reject at 1615 and close below 1580.

Next stop 1520 then 1450.

Base case: ETH 1580 to 1620 range. ETH/BTC ratio 0.0268 must hold or ETH bleeds.

July Crypto Gameplan
Before NFP: Do not chase. BTC 60009 is resistance. Take profit 20 percent. Wait for 58500 to rebuy.

After NFP if hot: BTC dumps. Buy 57200 with stops 55900. ETH buy 1520 with stops 1480.

After NFP if cool: BTC breaks 61000. FOMO starts.
Add on breakout only. Targets 63000 then 67000.

Altcoins: If BTC Dominance drops below 58, rotate 10 percent into SOL LINK ARB. If dominance rises, stay BTC only.

Final take: BTC 60009 and ETH 1609 look bullish but NFP decides everything. Holiday thin liquidity means 5 percent wicks both ways.

Do not get trapped. Wall Street is off tomorrow.
Crypto trades alone tonight. That means stop hunts.
Are you long or flat into NFP. Comment your BTC ETH target for July. Wrong side gets liquidated.

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