6.27 Afternoon Market Analysis and Trading Suggestions
In the crypto world, the candlestick charts are like roller coasters; sharp rises and falls are the norm. Chasing highs and cutting losses can easily lead to losing direction, and one significant drop should not prompt an easy exit. Those who lie low in bear markets and remain alert in bull markets are the true winners. Don't be swayed by short-term fluctuations; delve deep into industry logic, maintain independent judgment, and time will eventually reward those who can stay patient. There are no fairy tales of overnight riches here, but there are opportunities that come from steady accumulation.
This morning, Bitcoin experienced a slight dip, with a support level at the low point of 106440, and then the price began to recover, currently operating around 107200. Ethereum's market mirrored Bitcoin, also hitting a low of 2383 before rising again, now trading around 2440.
From the 15-minute candlestick chart, BTC/USDT prices dipped to a low before rebounding. In the BOLL indicator, the price is stabilizing near the middle line, with an upward breakout trend towards the upper line. The KDJ indicator shows three lines diverging upwards, indicating a strengthening short-term bullish momentum, with signs of buying pressure. Although there is a slight retreat currently, the support below is effective. Considering the changes in volume, if there is a breakthrough of the key resistance level, there could be significant upward potential, and a bullish setup is advisable in the short term.
Bitcoin Strategy: Buy around 106800, target 108500
Ethereum Strategy: Buy around 2420, target 2500
