July 7 BTC/ETH Strategy Analysis

In the early morning, the market moved mostly as expected, and the bulls are strong. After BTC dipped to 61,297 last night, BTC rebounded immediately, jumping nearly 3,000 points and topping out at 64,691. Ethereum also surged to 1,833. The early-morning plan was on point: first pull back to stabilize and hold support, then continue pushing higher. This week’s bullish view has largely been realized.

From a technical pattern perspective, the weekly chart shows that the long bearish candle has been reclaimed. This is a shakeout and accumulation phase within an ongoing uptrend. The price dropped and then pulled back up again, and the major uptrend has not changed. The daily chart is even more straightforward: after retesting support, a strong rally surged up, reclaiming lost ground and forming a bullish engulfing pattern. Overall, it’s a series of consecutive bullish candles and upward movement; the bullish strength is still there, and there is no top signal. The earlier dip was only a corrective shakeout. The support below is firm, so the drop wasn’t deep. After this round of consolidation and base-building, the next leg up should be more solid. This “move-and-shake” approach is to set up an even farther run afterward. The structure has not broken; pullbacks are opportunities to enter. On Tuesday, the overall strategy is still to go long on dips.

**BTC**
Pull back to 63,000–63,500 to go long; look at 65,000 and 65,500 above.

**ETH**
Pull back near 1,780–1,760 to go long; target 1,880.
$BTC $ETH