Evening market analysis and trading suggestions on June 27
The fluctuations in the cryptocurrency market resemble a raging torrent; attempting to stop it is like trying to block a vehicle with a mantis, which will only be crushed by the waves. Smart investors know how to sail with the current, taking advantage of favorable winds during upward trends and anchoring for safety during downward trends. Trends never wait for anyone to be ready; only by going with the flow can one navigate the turbulent market and reach distant shores.
The price is currently fluctuating within a range, operating around 107,000.
From a technical perspective, on the 15-minute chart for BTC/USDT, the price has broken below the middle band of the Bollinger Bands, with a downward trend in the BOLL opening. The KDJ indicator shows a divergence with the K and D lines pointing downwards, while the J line weakens. The trading volume (VOL) has not effectively increased, indicating insufficient bullish momentum. Although there are slight fluctuations at present, 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 short term, one could look for short opportunities as the price tests previous low support levels.
BTC strategy: Short near 107,500, target 106,000
ETH strategy: Short near 2,460, target 2,380
