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Bitcoin and Ethereum trend analysis in the early morning of July 7th
First, let's look back at the market situation on the evening of the 6th. In the evening, Bitcoin directly surged to around 63900, a 2000-point space, and Ethereum rose to 1803, also nearly 80 points. This surge was mainly affected by news factors, such as Microsoft selling Bitcoin and other reasons, leading to a straight-line rise!
The previous short orders during the day have been perfectly realized. Now from a technical perspective, the bullish trend is intact. The daily chart shows three consecutive bullish candles with sufficient bullish momentum. Any pullback is just short-term correction, so we still adopt the approach of buying on dips.
Trading Strategy:
Bitcoin entry reference: Enter long when it retraces to 63000-62500, target 64500.
Ethereum entry reference: Enter long when it retraces to 1760-1740, target 1850.
(The above are only personal opinions and do not constitute any investment advice. For reference only.)
$BTC $ETH