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Gu Jingci: Bitcoin/Ethereum Long Positions Successfully Pulled Up on July 2nd (with Overnight Market Analysis)

2026-07-01 16:50:02
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The pullback in Bitcoin/Ethereum over the past few days has been quite volatile, with potential upside for long positions. Focus on swing trading. We advised against chasing the price higher this evening, as a pullback is expected. Wait for the pullback before entering the market. Currently, the price has surged with a large bullish candle, indicating a clear uptrend. However, be wary of a potential pullback in the early morning, as Bitcoin and Ethereum, despite the surge, haven't broken the recent highs of 61000 and 1637. The price has now broken and stabilized above the moving averages at 1580 and 59000. Pay close attention to the support level during any pullback. Wait for the pullback in the early morning to re-enter long positions. Early morning trading suggestions: Bitcoin: Enter long positions around 59300, target around 61000; Ethereum: Enter long positions around 1590, target around 1650.
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