Evening Market Analysis and Trading Suggestions on June 27
The cryptocurrency market's ups and downs are like a rushing torrent; attempting to challenge the tide will only result in being crushed by the waves. Wise investors know to be the boat that flows with the current, raising sails in times of rising markets and anchoring for safety in times of decline. Trends never wait for people to be ready; only by following the trend can one navigate to a farther shore in a fluctuating market!
The cryptocurrency price is currently fluctuating within a range, with the price around 107,000.
From a technical perspective, in the BTC/USDT 15-minute timeframe, the price has fallen below the middle line of the Bollinger Bands, with the BOLL opening showing a downward trend. The KDJ indicator's K and D lines are diverging downward, and the J line is weakening. The volume has not effectively increased, indicating insufficient bullish momentum. Although there are small fluctuations currently, the overall trend is under pressure. If it cannot quickly recover the middle line of the Bollinger Bands, it is highly likely to continue downward, with short-term opportunities to short based on the previous low support.
Bitcoin Strategy: Short around 107,500, target 106,000
Ethereum Strategy: Short around 2,460, target 2,380
