7.3 Morning Bitcoin Market Analysis

Yesterday’s thinking was clear. After rebounding above 60000 and confirming support at that level, the bullish target was the 62000-62500 range, and the rebound went smoothly.

Close to today's early morning, I also reminded everyone to watch for the need of a pullback repair. At that time, I gave short-term support at 61000 here, and the strength of the bulls allowed the price to stabilize above 61000.

Ethereum has not broken below the 1680 support either, briefly stabilizing around the 1700 level.

When you realize your cognition can't keep up with the market, even the most substantial unrealized profits are only temporarily stored.

After the rebound in the past few days, Bitcoin's daily chart is now approaching the middle Bollinger Band. If it can firmly stand above the middle band, we can look at 65000 for a swing trade.

Currently on the 4-hour chart, the bullish structure is initially formed, and the Bollinger Bands are opening upward.

The MACD golden cross above the zero line is still extending, and bullish momentum continues to release, with no clear signs of weakening for now.

Although the KDJ is in the overbought zone, there is also some need for technical repair, but it has not yet fully formed a death cross at high levels.

The key support level is at the 60000 mark. If support holds, we can continue to be bullish. If it can stabilize above 61000, there is a better chance of breaking through 62000 with volume and looking up to 63000.

For Ethereum, pay attention to the support range of 1680-1660, and on the upside, look for a break of 1750 simultaneously.
$BTC #沃什宣告终结前瞻指引 $ETH