Evening Market Analysis and Trading Suggestions on June 27
In the cryptocurrency market, price fluctuations surge like a torrent; trying to resist the flow will only result in being crushed by the waves. Smart investors know how to navigate downstream, utilizing the wind to sail during bullish trends and anchoring for safety during bearish trends. Trends never wait for anyone to be ready; only by going with the flow can one steer towards distant shores in a volatile market!
The cryptocurrency price is currently fluctuating within a range, operating around 107,000.
From a technical perspective, in the BTC/USDT 15-minute timeframe, the price has broken below the middle band of the Bollinger Bands, with the BOLL opening showing a downward trend. The KDJ indicators K and D lines are diverging downward, while the J line is weakening. The volume has not effectively increased, indicating insufficient bullish momentum. Although there are slight fluctuations currently, the overall trend remains under pressure. If the middle band of the Bollinger Bands cannot be quickly reclaimed, there is a high probability of continued downward movement, and short-term opportunities for short positions can be monitored at previous low support levels.
Bitcoin Strategy: Short near 107,500, target 106,000
Ethereum Strategy: Short near 2,460, target 2,380
