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Gu Jingci: Bitcoin/Ethereum has seen multiple successful rallies after pullbacks on July 2nd; watch for resistance at higher levels.

2026-07-02 06:57:16
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Bitcoin/Ethereum has been a consistent buy-on-dip strategy over the past few days, and we reiterated this strategy early this morning. The overall upside potential has been evident, and those who followed our approach have secured substantial profits. Currently, the price has surged again to around 61100 and 1641, showing a clear upward trend. However, the recent surge has been overheated, and multiple pullbacks at higher levels suggest a potential correction. We should then monitor the support levels around 59000 and 1570, near the moving averages. The overall upside potential remains quite good. If the price breaks and holds above 62000 and 1670, further upside is expected, but a pullback is anticipated on the first touch. Trading suggestions: Bitcoin: Short at around 61000-61500, target around 59500; Ethereum: Short at around 1640-1660, target around 1590, with further downside targets at 62000 and 1670.
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