6.27 Evening Market Analysis and Trading Suggestions
The cryptocurrency market is like a battlefield; following the right person is like holding the winning weapon. Top navigators can penetrate the fog of the market, using their practical experience to help you avoid liquidation traps and seize the opportunities of hundredfold coins. Whether it's risk aversion during a sharp decline or laying out new pathways, their strategies and judgments can help you take fewer detours. Don't blindly search in the flood of information; choose the right guide to navigate through the bull and bear markets, allowing your digital assets to steadily appreciate.
The coin price is also declining as expected; our afternoon prediction has been validated. The price has dropped rapidly from the high point of 107735 due to bearish pressure, now standing around 106800.
The price has broken below the middle band of the Bollinger Bands, with the KDJ indicator's K and D lines diverging downwards, and the J line weakening. The trading volume (VOL) has not effectively increased, indicating insufficient bullish momentum. Although there was a slight rebound, the overall trend is under pressure. If it cannot quickly recover the middle band of the Bollinger Bands, there is a high probability of continued downward movement, and one may look for shorting opportunities near previous low support levels.
Bitcoin Strategy: Short near 107200, target 105500
Ethereum Strategy: Short near 2460, target 2380
