7.6 Bitcoin and Ethereum Midday Analysis | Luo Yi's Thoughts

Overall Trend
The midday bullish rhythm remains strong. Bitcoin's current price has pulled back to 63100, with a brief consolidation after the surge. The overall long-term upward structure has not been shaken at all. The short-term retracement is merely a continuation of the uptrend. The trading approach remains to buy on dips at support levels, resolutely avoiding counter-trend shorting.
Market Review
The previous bottom formation has taken shape, with the lows steadily rising. The selling momentum of bears has long been exhausted. After the morning surge faced resistance, there was a slight pullback. At the current level, there is sufficient support. Every pullback quickly sees capital underpinning. The complete upward trend structure remains intact.
Market Analysis
The moving averages of all timeframes are supporting upward. The brief overbought indicators have been repaired through this pullback. The market is merely clearing short-term floating chips, accumulating momentum for the next surge. The small pullback is the optimal entry window for this round.
Trading Suggestions
Bitcoin Long Position
Entry Range: 63000–63200
Stop Loss: 62600
First Target: 64100
Second Target: 64700
Ethereum Long Position
Entry Range: 1770–1782
Stop Loss: 1742
First Target: 1812
Second Target: 1845
$BTC $GT $SOL