7.10 Early Morning Market Thoughts

Last night, Bitcoin and Ethereum saw minimal fluctuations, moving in a consolidation pattern.
Bitcoin found support at 62,525 and bounced back, reaching a high of 63,484; Ethereum dipped to 1,731 and stabilized, rebounding to 1,759.

The current market is oscillating back and forth, washing out positions without any unilateral breakout. However, the lows are gradually rising, and the overall center of gravity is shifting upward. In the short term, this is not a downtrend; it is a pullback to accumulate strength. After the adjustment, the uptrend is expected to resume, with further upside space.

On the 4-hour chart, prices have bottomed out and recovered, firmly standing above the moving averages.
The bullish momentum has paused briefly for consolidation, not weakening. It is gathering strength to push higher again. The market is now oscillating, washing out positions, and slowly lifting prices. The overall bullish rhythm remains unchanged, so the strategy is to follow the trend and go long on dips.

For Bitcoin: buy on dips in the 62,100–62,600 range in batches, targeting 64,000–64,500.
For Ethereum: buy on dips in the 1,710–1,740 range in batches, targeting 1,780–1,830.