Evening Market Analysis and Trading Suggestions on June 27
The fluctuations in the cryptocurrency market resemble a surging tide; trying to resist it is like a mantis trying to stop a chariot, only to be crushed by the waves. Wise investors know to be boats that flow with the current, raising their sails in a bullish trend and anchoring for safety in a bearish trend. Trends never wait for anyone to be ready; only by going with the flow can one navigate towards a farther shore in a volatile market.
The cryptocurrency price is currently oscillating within a range, trading around 107,000.
From a technical perspective, BTC/USDT on the 15-minute chart has broken below the middle band of the Bollinger Bands, with the BOLL opening showing a downward trend. The KDJ indicator's K and D lines are diverging downwards, the J line is weakening, and the trading volume (VOL) has not effectively increased, indicating insufficient bullish momentum. Although there are minor fluctuations currently, the overall trend is under pressure. If the price cannot quickly recover the middle band of the Bollinger Bands, it is highly likely to continue downward. In the short term, one can look for short-selling opportunities as it tests previous low support levels.
Bitcoin Strategy: Short around 107,500, target 106,000
Ethereum Strategy: Short around 2,460, target 2,380
