Evening market analysis and trading suggestions on June 27
The ups and downs in the crypto world surge like torrents; attempting to stand against the tide will only lead to being crushed by the waves. Wise investors know to be a boat sailing downstream, catching the wind in a rising market and anchoring for safety in a falling market. Trends never wait for people to be ready; only by following the trend can one sail toward a further shore in a fluctuating market!
The cryptocurrency price is currently oscillating within a range, with the price around 107,000.
From a technical perspective, in the 15-minute timeframe for BTC/USDT, the price has fallen below the middle Bollinger Band, the BOLL opening shows a downward trend, the KDJ indicator K and D lines are diverging downward, and the J line is weakening. The trading volume (VOL) has not effectively increased, indicating insufficient bullish momentum. Although there are slight fluctuations currently, the overall trend is under pressure. If the price cannot quickly recover the middle Bollinger Band, it is highly likely to continue downward. In the short term, one can look for short-selling opportunities near the previous low support.
Bitcoin strategy: Short near 107,500, target 106,000
Ethereum strategy: Short near 2,460, target 2,380
