7.3 Friday Morning Bitcoin and Ethereum Market Analysis and Operation Suggestions

Looking back from early morning to now, after yesterday's strong rebound and rally, the overall market has entered a phase of consolidation and adjustment. Bitcoin has been gradually climbing higher, testing the upper resistance level of 62180 last night, with a daily gain of over 3000 points. The low points throughout the day have been steadily rising, indicating sufficient bullish momentum. Ethereum has also shown a strong bullish trend, with consecutive solid bullish candles charging upward, refreshing the rebound high to 1725.
Zhilang's real-time short positions are currently slightly trapped. Following the subsequent strong market rally, long positions were added synchronously, with Bitcoin harvesting a total of 1941 points and Ethereum gaining 83 points. This clearly follows the market trend's rhythm of switching, without letting short-term profits or losses disrupt trading psychology.

Currently, the market has seen a phased recovery and rebound. Bitcoin has firmly stood above the key watershed level of 61300. The medium- to long-term recovery and rebound trend is beginning to take shape, with bullish momentum fully released. However, after a continuous sharp rise, there will be a need for a technical pullback, which presents the best opportunity to re-enter. The daily chart shows two large bullish candles, which not only engulfed the consolidation range of the previous days but also firmly broke through the key medium-term moving average, signaling a clear bottoming-out. On the four-hour level, after strongly breaking through the mid-Bollinger band, the K-line has been continuously closing bullish, with lows gradually rising. The rebound structure remains intact, showing an obvious accelerating upward trend. It has now stabilized above the key levels of 16300 and 1680, escaping the bottom consolidation range and initiating a recovery rebound. The medium- to long-term bearish pattern has been temporarily broken. The rebound structure has been preliminarily established, but after a sharp rise, there is a need for a pullback. The core operation strategy is to enter long positions based on support pullbacks. Today, the U.S. stock market is closed, so the market is expected to have relatively small fluctuations.
Bitcoin: Go long near 61000, target 61900 → 62800
Ethereum: Go long near 1680, target 1715 → 1820
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