6.27 Morning Market Analysis and Trading Suggestions
The market will not always rise, nor will it always fall; it just keeps cycling between human greed and fear. In a bull market, everyone thinks they are a genius, and anything they buy will go up; in a bear market, they wish to completely leave the market. But true wisdom understands that accumulating wealth is not about predicting every rise and fall but about having the right strategy and long-term patience.
After hitting a bottom of 106597, Bitcoin quickly surged to a high of 107980, followed by a rapid decline. The current price is around 107000. Ethereum showed a slight rebound in the evening but quickly fell after reaching a high of 2457, currently trading around 2420.
From the 15-minute timeframe of BTC/USDT, there are bullish signals. In the BOLL indicator, the price rebounded after dipping to the lower band of 106517.11 and is currently in a recovery phase within the channel; the KDJ indicator shows K, D, and J lines diverging upwards, with a J value of 58.32, indicating increased bullish momentum. Trading volume has increased during the price rebound, showing that buying power is trying to exert strength. If the price can effectively stabilize above the moving average, relying on the support of the Bollinger Bands' middle band, it may test the upper band resistance, recovering from previous declines. Attention can be paid to buying opportunities after stabilization.
Bitcoin Strategy: Buy around 106700, target 108500
Ethereum Strategy: Buy around 2400, target 2490
