Evening Market Analysis and Trading Suggestions for June 27
The fluctuations in the cryptocurrency market are like torrents rushing forward; trying to resist will only result in being crushed by the waves. Smart investors know to be like a boat sailing downstream, catching the wind in a rising market, and anchoring for safety in a declining market. Trends never wait for anyone to be ready; only by going with the flow can one navigate to a further shore in a fluctuating market!
Currently, the cryptocurrency price is fluctuating within a range, around 107000.
From a technical perspective, in the 15-minute timeframe for BTC/USDT, the price has fallen below the middle band of the Bollinger Bands, with the Bollinger Bands opening trending downwards. The KDJ indicator shows the K and D lines diverging downwards, while the J line is weakening. The trading volume has not effectively increased, indicating insufficient bullish momentum. Although there are slight fluctuations currently, the overall trend is under pressure. If the price cannot quickly recover the middle band of the Bollinger Bands, it is likely to continue downward in the future. In the short term, one can look for short-selling opportunities as it tests previous low support levels.
Bitcoin Strategy: Short around 107500, target 106000
Ethereum Strategy: Short around 2460, target 2380
