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7.10 Morning Market Ideas
Last night, BTC and ETH saw limited overall volatility, moving in a consolidation range.
BTC bounced after dipping to a low of 62525, then rallied to a high of 63484
ETH tested support at 1731, stabilized, and rebounded to 1759
The current market is oscillating back and forth, washing out positions, with no directional breakout. However, the lows are gradually rising, and the overall center of gravity is moving upward. In the short term, this is not a downtrend; it is a dip to gather strength. After consolidation, we expect further upside, with room to rise higher.
The 4-hour chart has bottomed out and is back above the moving averages.
The bullish momentum is pausing briefly to rest, not weakening; it is gathering strength for another push higher. Right now, the market is oscillating, washing out weak hands, and gradually lifting prices. The overall bullish rhythm remains unchanged, so follow the trend and primarily go long on dips.
BTC: Buy in batches on dips to 62100–62600, targeting 64000–64500
ETH: Buy in batches on dips to 1710–1740, targeting 1780–1830
$BTC $ETH