6.27 Midnight Market Analysis and Trading Suggestions
In the wave of the cryptocurrency market, fluctuations are the norm. Don't panic during a sharp decline, and don't lose your direction during a surge. In times of low, reflect on strategies, enrich your knowledge, and transform pressure into nutrients for improvement; in times of high, remain clear-headed, restrain greed, and strictly adhere to discipline. Do not let temporary victories cloud your judgment. Hold firm to your confidence in trends, believe in the cyclical nature of the market, and view each fluctuation as a step towards your goal. By navigating through bull and bear markets, enduring the darkest moments, you will ultimately reap your own brilliance!
Bitcoin's market started from an afternoon high of 107735, then retraced, reaching a low of 106375, where bulls suddenly surged, raising the price to 107473, and then operating within the 107600 range. Ethereum's market followed a similar pattern, starting from a high of 2463, retracing to 2414, before bulls pushed it up to 2445, with the current price around 2440.
From the indicators, after the price dipped to 106375.25, it rebounded, with KDJ indicators K, D, and J lines diverging upwards, showing a short-term bullish signal; trading volume increased after the decline, indicating enhanced capital support. In the BOLL band, the price rebounded from near the lower band and is trending towards the middle band. If it can stabilize and break through the middle band, further upward space is expected, and short-term attention can be paid to the sustainability of the bulls.
Bitcoin strategy: Buy near 107000, target 108500
Ethereum strategy: Buy near 2410, target 2500
