Evening Market Analysis and Trading Suggestions on June 27
In the cryptocurrency world, price fluctuations resemble a rushing tide; trying to stop it is like using a mantis to stop a chariot, and will only be crushed by the waves. Smart investors know how to sail with the current, hoisting their sails in an uptrend and anchoring for safety in a downtrend. Trends never wait for people to be ready; only by going with the flow can one navigate towards a further shore in a fluctuating market.
The current price is oscillating within a range, with the price now around 107,000.
From a technical perspective, on the 15-minute chart for BTC/USDT, the price has fallen below the middle band of the Bollinger Bands, and the BOLL is showing a downward trend. The KDJ indicator's K and D lines are diverging downward, the J line is weakening, and the trading volume (VOL) has not effectively increased, indicating insufficient bullish momentum. Although there are slight fluctuations currently, the overall trend remains under pressure. If the price cannot quickly recover the middle band of the Bollinger Bands, there is a high probability of continued downward movement; short-term opportunities for shorting can be focused on probing previous low support levels.
Bitcoin Strategy: Short near 107,500, target 106,000
Ethereum Strategy: Short near 2,460, target 2,380
