Morning market analysis and trading suggestions on 6.27
The market will not rise forever, nor will it fall forever; it simply cycles between human greed and fear. In a bull market, everyone feels like a genius, and anything bought will go up; 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 the right strategy and long-term patience.
After touching the bottom of 106597, the Bitcoin price quickly rebounded to a high of 107980, then rapidly declined. The current price is around 107000, while Ethereum's price saw a slight rebound in the evening before quickly dropping again after reaching a high of 2457, currently running around 2420.
From the 15-minute timeframe, BTC/USDT shows bullish signals. In the BOLL indicator, the price rebounded after dipping to the lower band at 106517.11, currently in a rebound 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. The trading volume has increased during the price rebound, showing buyer strength attempting to push. If the price can effectively stabilize above the moving averages, supported by the middle band of the Bollinger Bands, it is likely to test the upper band resistance, repairing the previous downward trend, and attention can be given to buying opportunities after stabilization.
Bitcoin strategy: Buy near 106700, target 108500
Ethereum strategy: Buy near 2400, target 2490
