7.4 Saturday noon Bitcoin and Ethereum market analysis and operational suggestions

The weekend has arrived again. Looking back from early morning till now, the market has continued the bullish upward rhythm since this week, with Bitcoin hitting a high of 62957 and Ethereum simultaneously surging to around 1775 before entering a narrow high-level consolidation. The intraday pullback is limited, with strong buying support below, maintaining an overall strong consolidation pattern without deep selling pressure, and the bullish structure remains intact.
In recent days, the strategy has consistently suggested following the trend to go long. The Bitcoin long position from early morning steadily captured 725 points. The core of trading is to follow the trend and hold the correct direction.

From the current market structure, the upward trend after the bottom reversal is still ongoing. The high-level consolidation is a healthy accumulation after a significant rise, without any trend reversal signals. After short-term digestion of floating chips, the market still has momentum to further expand upward. The daily chart shows consecutive bullish candles, with the medium-to-long-term bullish rebound channel fully open, and the bottom reversal structure after the decline completely confirmed. On the 4-hour chart, the Bollinger Bands are opening upward, with the candlesticks steadily above the middle band and continuing to rise. A small bearish candle appears after the breakout, which is a normal pullback after the breakout. On the hourly level, the center of gravity steadily moves upward, firmly supported by the middle band, with a complete step-by-step upward structure. Each pullback to the middle band triggers another rally. Breaking above the resistance at 63200 will continue to challenge the strong resistance zone of 64300-65500. Support levels below are 62100 and 1725. If the pullback does not break these levels, the decline will not expand further. Subsequent operations should still follow the trend with pullback longs as the main approach, avoiding blind chasing of highs. Weekend liquidity is relatively weak, so keep positions light and set stop-losses properly.
Bitcoin: Go long near 62000, target 63200 → 64300
Ethereum: Go long near 1725, target 1780 → 1810
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