6.27 Afternoon Market Analysis and Trading Suggestions
But remember, every crash could be the darkness before dawn. The history of the cryptocurrency world has repeatedly proven that those who persevere in the valleys, unhindered by fear, often encounter moments of remarkable recovery. Just like in 2024 when Bitcoin dropped to 36,000, many despaired and sold off, while those with steadfast belief reaped rewards when Bitcoin surged to over 80,000 afterward. In this circle, you must learn to remain calm and rational, not swayed by short-term fluctuations. The rise and fall of the market are like the changing of the seasons; after a harsh winter comes a warm spring. Do not blindly follow the crowd, and do not let greed cloud your judgment. When everyone is buying frantically, it may be wise to pause and assess the market; when people are selling out of fear, it might be the perfect time for you to enter the market.
In the afternoon, the Bitcoin market, after hitting a low of 106,440 in the morning, saw bulls gain strength, and the market stabilized and rose, aligning with my morning analysis, with the current price around 107,300.
From a technical perspective, in the 15-minute candlestick chart, the BOLL indicator shows the price within the Bollinger Bands, the KDJ indicator J value is negative, and the K value is downward, indicating some short-term adjustment signals; however, from a trend perspective, if combined with the broader market, Bitcoin's long-term direction is basically synchronized with the Nasdaq. If the Nasdaq sets a new high, it may lead to upward movement; however, the current rise is on reduced volume, lacking incremental capital, which poses short-term adjustment risks. Overall, the market is neutral but with a cautious bearish tendency in the short term.
Bitcoin Strategy: Short near 107,700, target 106,000
Ethereum Strategy: Short near 2,470, target 2,380
