6.27 Afternoon Market Analysis and Trading Suggestions
But remember, every crash might be the darkness before dawn. The history of the cryptocurrency world repeatedly proves that those who hold their ground in the valleys and are not swayed by fear often witness moments of remarkable recovery. Just like in 2024 when Bitcoin fell to 36,000, many despaired and sold off, while those with steadfast belief reaped rewards when Bitcoin surged above 80,000 afterward. In this circle, you must learn to remain calm and rational, not be influenced by short-term fluctuations. The market's ups and downs are like the changing of the seasons; with cold winters come warm springs. Do not blindly follow the trend, and do not let greed cloud your judgment. When everyone is frantically buying, perhaps it is time to pause and assess the market; when the crowd sells out of fear, it may just be the right moment for you to enter.
This afternoon, the major coin market, after hitting a bottom of 106,440 in the morning, saw bullish efforts that stabilized the rise, aligning with my morning analysis, with the current coin price running around 107,300.
From a technical perspective, in the 15-minute candlestick chart, the BOLL indicator shows the price within the Bollinger Bands channel, the KDJ indicator shows a negative J value and a downward K value, indicating some short-term adjustment signals; however, in terms of trend, if we consider the broader market, Bitcoin’s long-term direction is basically in sync with the Nasdaq. If the Nasdaq hits a new high, it could provide a boost, but currently, there is a lack of incremental funds with the rising volume, posing short-term pullback risks as well. Overall, the outlook is neutral, but there is a cautious bearish tendency in the short term.
Major Coin Strategy: Short around 107,700, target 106,000
Ethereum Strategy: Short around 2,470, target 2,380
