BTC 60009 ETH 1609: Start of the bull run or a fake pump before non-farm payroll data? July targets inside

Market Overview
Bitcoin last price 60009 up 3.2 percent in 24 hours
Ethereum last price 1609 up 3.4 percent in 24 hours
Bitcoin dominance 58.40
Total crypto market cap 2.24 trillion dollars
Fear and Greed Index 65 Greed
Top searches: Bitcoin price today, Ethereum price prediction, crypto bull run 2024, Bitcoin resistance at 60k, Ethereum ETF news, buy crypto now
1. The Pump: Why did BTC and ETH go green today?
What is driving crypto up? 3 catalysts hitting at once:
Return of ETF inflows: Spot Bitcoin ETFs saw $310 million in inflows yesterday. BlackRock IBIT alone brought $180 million.
Odds of Ethereum ETF approval rising to 85% for July. Institutions are stepping forward.
Short squeeze: $210 million in short positions liquidated above 59500. Bitcoin funding rate turned positive. Bears got trapped. Classic squeeze before non-farm payroll data.
Risk-on macro: Nasdaq up 1.4%. Dollar down 0.6%. US stocks close tomorrow for Independence Day. Money moving into crypto around the clock before the holiday.
2. The Risk: Tonight's non-farm payroll data could kill this rally
What is non-farm payrolls? US June non-farm payrolls data released tonight at 15:30 UTC. Forecast 210M jobs. Unemployment 4.0%.
Why this matters for crypto:
Hot jobs data above 180M: Fed stays hawkish. Rate cut postponed to December. Bitcoin drops to 57200, Ethereum to 1520. Risk-off.
Cold jobs data below 150k: Rate cut likely in September. Risk-on. Bitcoin breaks 61000, Ethereum targets 1680. Bull run continues.
Base case 310M: Volatile. Bitcoin swings between 58500 and 60800 until stock market reopens on Friday.
Bitcoin dominance 58.40 is the key. If dominance drops below 58 while Bitcoin rises, alt season starts. If dominance rises to 59.5, Bitcoin pumps alone and alts bleed.
3. July Targets: Support and Resistance
Bitcoin technical levels:
Bullish breakout: Close above 60800. Next stop 63000 then 67000. RSI 61 with room to 70.
Bearish failure: Rejection at 60500 and close below 58800. Next stop 56200 then 54000.
Base case: Bitcoin between 58500 and 60800 until NFP release. Buy dips above 58000.
Ethereum technical levels:
Bullish breakout: Close above 1620. Next stop 1680 then 1740. Ethereum ETF hype building.
Bearish failure: Rejection at 1615 and close below 1580. Next stop 1520 then 1450.
Base case: Ethereum between 1580 and 1620. ETH/BTC ratio at 0.0268 must hold or Ethereum bleeds.
July Crypto Action Plan
Before NFP: Don't chase. Bitcoin at 60009 is resistance. Take 20% profit. Wait for 58500 to re-enter.
After NFP if hot: Bitcoin drops. Buy at 57200 with stop loss 55900. Ethereum buy at 1520 with stop loss 1480.
After NFP if cold: Bitcoin breaks 61000. FOMO starts. Add only on breakout. Targets 63000 then 67000.
Alts: If Bitcoin dominance drops below 58, shift 10% to SOL LINK ARB. If dominance rises, stay in Bitcoin only.
Conclusion: Bitcoin at 60009 and Ethereum at 1609 look bullish but NFP will decide everything. Low liquidity from the holiday means 5% wick candles in both directions.
Don't fall into the trap. Wall Street is on holiday tomorrow.
Crypto trades alone tonight. That means stop hunting.
Are you long or out of the market before NFP? Comment your July target for Bitcoin and Ethereum. The wrong side will be liq C #ETH #Crypto #Bitcoin #Ethereum #NFP