Gu Jingci: The short-term outlook for Bitcoin and Bitcoin is diverse; pay attention to the trading level around 62,000.

On July 3rd, Bitcoin and Ethereum traded around 61,500 and 1,700 respectively, showing a rebound from previous levels. This was mainly due to factors such as weaker-than-expected non-farm payroll data, indicating a short-term upward trend. However, the long-term trend remains uncertain due to various constraints. Price movements and market sentiment: Bitcoin rebounded from around 59,000 to a high of 62,200, subsequently stabilizing around 61,400, indicating a post-positive consolidation phase. Ethereum broke through 1,700 on July 2nd, rising 5.93% intraday. The market's fear and greed index remains low, but short-term market sentiment has improved due to the price rebound. Fund flows: Previously, Bitcoin and Ethereum ETFs experienced continuous net outflows, but recent inflows show signs of returning. Continued ETF inflows will provide strong support for prices; otherwise, sustained price increases will be difficult to maintain. Technical Indicators: Bitcoin's short-term core support levels are 60500 and 60000, with strong support at 59000, which is the watershed between the strength and weakness of this rebound. Short-term resistance levels are 61800 and 62200; a firm hold above these levels could lead to a further rise to 62800, with strong medium-term resistance at 63500. Ethereum's daily RSI is in oversold territory, indicating a need for correction, but the moving averages remain bearish, and the price has been consistently pressured below the 30-day and 200-day moving averages. Key resistance levels to watch are around 1865, while crucial support lies around 1500. Influencing Factors: The June non-farm payroll data significantly missed expectations, employment data was revised downwards, the dollar and US Treasury yields fell, and market expectations for further easing increased, which were the main reasons for the cryptocurrency market rebound. In the long term, the direction of the Federal Reserve's monetary policy remains a key influencing factor. If it continues to maintain a hawkish stance, Bitcoin and Ethereum prices will remain under pressure.