6.27 Afternoon Market Analysis and Trading Suggestions
In the cryptocurrency market, price charts are like roller coasters; sharp rises and falls are the norm. Chasing after price increases and selling during dips can easily lead to losing direction, and experiencing a significant loss doesn't mean you should exit hastily. Those who lie low during bear markets and remain alert during bull markets are the true winners. Don't be swayed by short-term fluctuations; delve into industry logic, maintain independent judgment, and time will eventually reward those who can remain patient. There are no fairy tales of overnight wealth here, but there are opportunities hidden in the accumulation of knowledge.
This morning, Bitcoin experienced a slight dip, finding support at the low of 106440. Subsequently, the price began to rise, and it is now trading around 107200. Ethereum's market trend mirrors Bitcoin, also hitting a low of 2383 before experiencing an upward movement, currently trading near 2440.
From the 15-minute candlestick chart, after Bitcoin/USDT prices dipped to a low and then recovered, the BOLL indicator shows that prices are stabilizing near the middle band, with a trend towards breaking through the upper band. The KDJ indicator shows the three lines diverging upwards, indicating a strengthening short-term bullish momentum, with signs of buying pressure emerging. Although there is a slight pullback currently, the support below remains valid. Considering the changes in trading volume, if it breaks through the key resistance level, there is potential for upward movement; short-term positioning can be bullish.
Bitcoin Strategy: Buy near 106800, target 108500
Ethereum Strategy: Buy near 2420, target 2500
