Evening Market Analysis and Trading Suggestions on June 27
In the waves of the cryptocurrency market, volatility is the norm, and ups and downs are the melody. Every drop is an opportunity for wealth to be reshuffled, and every rise is a reward that the steadfast deserve. Do not panic due to short-term fluctuations; one must see the long-term potential of cryptocurrencies empowered by blockchain technology. Those who endure the fluctuations and withstand the volatility will eventually see their accounts shine with numbers, reminding them that in the crypto world, faith is like an anchor, patience like a sail, and by holding onto value, one will ultimately ride the winds and waves, reaping their own wealth and stars!
The coin price tonight also shows a trend of dropping to a low before rebounding. The price has fallen from an afternoon high of 108161 to a low of 106597 today, forming a support level. The current price is rebounding and operating near 107200. The long position suggested around 106700 has successfully taken profit. The trend of Ethereum is similar to that of Bitcoin, dropping from a high of 2500 to a low of 2409, before starting to rise, with the current price around 2430.
From the 15-minute K-line chart, BTC/USDT shows clear bearish signals. The price has fallen below the Bollinger midline and is operating in a weak zone. Although the KDJ indicator has turned up from a low position, it has not formed an effective golden cross, and the J and K values remain relatively low, indicating insufficient bullish momentum. Within the moving average system, the short-term moving average has flattened and is diverging downwards, lacking support strength. In terms of volume, no sustained increase occurred during the rebound, making it difficult to push the price through key resistance. Considering the previous trend of retreating from highs, the short-term adjustment demand has not been fully released, and it is expected that the price will likely continue to fluctuate downward, testing the support below, so a cautious bearish outlook is advised.
Suggestions:
Bitcoin Strategy: Short around 107800, target 106200
Ethereum Strategy: Short around 2450, target 2370
