Evening Market Analysis and Trading Suggestions on June 27
The cryptocurrency market's fluctuations resemble a raging torrent; trying to stand against it is like a mantis trying to stop a chariot, resulting only in being crushed by the waves. Smart investors know to be like a boat going downstream, taking advantage of the wind to sail in an uptrend, and anchoring for safety during a downtrend. Trends never wait for anyone to be ready; only by going with the flow can one navigate to the distant shore in a volatile market.
Currently, the price is fluctuating within a range, operating around 107,000.
From a technical perspective, on the 15-minute chart of BTC/USDT, the price has broken below the middle line of the Bollinger Bands, the BOLL has a downward opening trend, the KDJ indicator's K and D lines are diverging downward, the J line is weakening, and the VOL (trading volume) has not effectively increased, indicating insufficient bullish momentum. Although there is currently slight volatility, the overall trend is under pressure. If the price cannot quickly recover the middle line of the Bollinger Bands, it is highly likely to continue downward, and short-term opportunities for shorting can be looked for at previous low support levels.
Bitcoin strategy: Short around 107,500, target 106,000
Ethereum strategy: Short around 2,460, target 2,380
