Analysis of BTC/ETH Market Insights on June 27
Today's market greed and fear index is 49, with the greed index down 1 point from yesterday, indicating that market sentiment remains neutral. The total number of people in the market over the past 24 hours is 89,400, with a total amount of 200 million dollars.
Looking back at the overall market situation: In yesterday's analysis, we provided the bullish trend for BTC and ETH, with BTC successfully entering at 106,500 and ETH's entry point from yesterday also being hit, with the current average price around 2,420. Both positions from yesterday entered successfully, but neither reached the target points, so we can only wait. Currently, the trend remains unchanged. The main concern is still yesterday's old issue: the monthly and weekly lines closing together, preventing large fluctuations over the weekend. Those holding positions should consider reducing a portion or hedging some.
Today's focus is on BTC:
Upper resistance around 108,700 to 110,300 as the first and second resistance
Lower support around 105,600 to 104,800 as the first and second support
(Today's trend remains bullish with a low entry, the four-hour level shows a pullback trend, and the market is experiencing severe fluctuations, so be cautious about reducing positions and setting stop losses to prevent weekend fluctuations. For those who have not entered, focus on pending orders. Currently, significant fluctuations are concentrated during U.S. market hours, so be cautious about night spikes, and set stop losses around 700 below the second support.)
Today's focus is on ETH: 2,525 and 2,570 as the first and second resistance
Lower support at 2,415 and around 2,380 as the first and second support
(Still bullish with a low entry, ETH's current position is around 2,445. The four-hour level shows a pullback trend. Those who entered with the old vine yesterday can average down for risk avoidance, and currently can sell half, waiting to buy back the other half around 2,380. For those who did not enter yesterday, directly place pending orders according to today's support levels, with a stop loss set 40 points below the second support.)
Summary: The direction remains unchanged, focusing on bullish positions. Short-term entries during the day are the main focus, and the current small trend is still bullish. The larger trend is currently stuck near strong resistance, and we will see the competition between bulls and bears over the weekend. The four-hour ETH chart shows a small pullback trend, so just wait for small pullback pending orders.
