Morning Market Analysis and Trading Suggestions on June 27
The market will not rise forever, nor will it fall forever; it continuously cycles between human greed and fear. In a bull market, everyone feels like a genius, where anything they buy will rise; in a bear market, they wish to completely leave the market. But true wisdom understands that wealth accumulation is not about predicting every rise and fall, but about having the right strategy and long-term patience.
After the midnight Bitcoin touched the bottom of 106597, the bulls quickly linked up and reached a high of 107980, then quickly declined, currently the price is running around 107000, while Ethereum's trend slightly rebounded in the evening and then quickly dropped after reaching the high of 2457, currently the price is running around 2420.
From the 15-minute level, looking at BTC/USDT, there are bullish signals. In the BOLL indicator, the price rebounded after touching the lower band at 106517.11, currently in the recovery phase within the channel; the KDJ indicator shows K, D, J lines diverging upwards, with J value at 58.32, indicating strengthened bullish momentum. The trading volume has expanded during the price rebound, showing that buying power is attempting to exert itself. If the price can effectively stabilize above the moving average, relying on the support of the middle band of the Bollinger Bands, there is hope to test the upper band resistance upwards and repair the previous downward trend; one could pay attention to buying opportunities after stabilization.
Bitcoin Strategy: Buy around 106700, target 108500
Ethereum Strategy: Buy around 2400, target 2490
