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7-6 Morning Market Analysis$BTC $ETH
After a morning rally, Bitcoin has shown a clear bottom stabilization pattern on the 4-hour level, with the short-term bullish trend essentially confirmed. Technically, after narrowing, the Bollinger Bands have started to expand upward, with the coin price running steadily and holding the middle band, demonstrating strong support. Meanwhile, the moving average system has formed a golden cross at the lower level, showing a standard bullish alignment. Along with all momentum indicators strengthening across the board, it indicates that the current market has sufficient upward momentum, and bulls are gradually taking control.
Trading Recommendations
Bitcoin: Go long in batches at 63000-63500, target 64500-65000. If the level is not broken, reverse to short.
Ethereum: Go long in batches at 1780-1785, target 1830-1850. If the level is not broken, reverse to short.