6.27 Midnight Market Analysis and Trading Suggestions
In the wave of cryptocurrency, fluctuations are the norm. Don't panic during a sharp decline, nor lose your way during a surge. During the lows, reflect on strategies and enrich your understanding, turning pressure into nourishment for growth; during the highs, stay clear-headed, restrain greed, and adhere strictly to discipline, so as not to let temporary victories cloud your judgment. Firmly hold onto your belief in the trend, trust in the cyclical nature of the market, and recognize that every fluctuation is a step towards your goal. Survive the bulls and bears, endure the darkest moments, and you will ultimately reap your own brilliance!
The price of Bitcoin rose from an afternoon high of 107735, then retraced to a low of 106375, before the bulls surged again, pushing the price up to 107473, and subsequently trading within the range of 107600. Ethereum's price movement mirrored Bitcoin's, falling from a high of 2463 down to 2414, then the bulls pushed it up to 2445, with the current price around 2440.
From the indicators, after a drop to 106375.25, the price rebounded, with the KDJ indicator's K, D, and J lines diverging upward forming a golden cross, signaling short-term bullish momentum; the trading volume increased after the decline, indicating enhanced buying support. In the Bollinger Bands, the price rebounded from near the lower band, showing a trend towards the middle band. If it can stabilize and break through the middle band, there is potential for further upward movement, so short-term focus on bullish continuation is advised.
Bitcoin Strategy: Buy around 107000, target 108500
Ethereum Strategy: Buy around 2410, target 2500
