Yueying: Bitcoin and Ethereum Market Analysis (July 3rd) - Consecutive Upward Rebound: Is the Market Bottoming Out and Reversing? (Short-Term Strategy Included)

Bitcoin's daily chart shows a false break below the low, finding support at the lower Bollinger Band and rebounding to close positive. Intraday opening saw a strong upward move above the 7-day moving average, testing the 62000 level, which is also around the middle Bollinger Band. The Bollinger Bands are slightly narrowing, with short-term moving averages trending upwards. The MACD fast and slow lines are moving upwards with increasing red histogram bars. The KDJ indicator is crossing upwards and extending, but watch for resistance around the 50 level. The VR indicator is consolidating around the 80 level. On the 4-hour chart, the price is oscillating upwards above the middle Bollinger Band, breaking through the 60-day moving average with consecutive positive candles, and is currently trading above the upper Bollinger Band. The Bollinger Bands are widening, short-term moving averages are trending upwards, the MACD fast and slow lines are moving upwards with increasing volume bars, the KDJ is encountering resistance near the 100 level and slightly turning downwards, and the VR indicator is consolidating around the 70 level. Overall, the market rebounded continuously after briefly breaking the previous low, and is now about to test the resistance of the daily moving average, which is also a key short-term level. A breakout would likely lead to further upward movement, while a failure would result in another test of the short-term support around 60,000. Resistance is seen around 63,000, and support around 60,000. Short-term entry should be based on resistance and support levels; avoid participation if prices break down. See short-term recommendations. Bitcoin short-term recommendations: Buy at 60,800, Sell at 62,400 (Take profits as needed). Ethereum's rebound has been quite strong, with consecutive positive days breaking through the 1700 mark. The overall technical analysis of the daily and four-hour charts can be referenced in conjunction with Bitcoin. Short-term resistance is around 1780, and support is above 1600. See short-term recommendations. Ethereum short-term recommendations: Buy at 1630, Sell at 1750 (For more cryptocurrency analysis, click the image to see the homepage introduction and find Yueying). — I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading strategies or market trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!