Li Ying in Crypto Circle: June 27 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

Bitcoin current price 60300. When it was rising before, everyone shouted that the bull market was coming, but then it turned around and kept falling. Many who chased the highs are now trapped. Now the price is in an awkward position—is it a bottom fishing opportunity or a pause before further decline? The moving average system is clearly broken, with EMA7, EMA30, and EMA120 all in a bearish arrangement. Short-term moving averages are pressing down on the price, and bounces can't even hold above EMA7. The MACD bullish momentum is not strong enough. The Bollinger Bands are opening downward, with the lower band at 58412 acting as short-term support, while the middle band at 60218 has become resistance. Overall, it's a weak consolidation pattern. Don't rush to bet on direction before a clear reversal signal appears.

Short-term strategy reference:

Long entry 58000-57000, stop loss 56500, target 59000 aiming for 60500

Short entry 61500-62000, stop loss 62500, target 60500 aiming for 60000

Ethereum

At the time of writing, Ethereum is at 1580, a rather awkward position. You can see it previously broke below the integer level of 1600. Although there was a slight rebound today, the momentum is weak. The current situation is pressure above and support below. The bulls want to counterattack but lack volume, and the bears don't dare to be too aggressive. Technically, the moving average system shows a typical bearish arrangement. EMA7 and EMA30 are both diverging downward, and the price is suppressed below EMA120, indicating that the medium-to-long-term trend remains bearish. The MACD indicator shows weakening bearish momentum but has not formed a golden cross, and the rebound could fizzle out at any time. The middle Bollinger Band is the bull-bear dividing line. If it cannot effectively hold above the middle band and break through the upper band, it will likely retest the lower band at 1512 for support again.

Short-term level reference:

Long entry 1540, defense 1500, stop loss 1450, target 1600 aiming for 1650

Short entry 1650, defense 1700, stop loss 1750, target 1600 aiming for 1550

The above content is exclusively original by Li Ying. Please indicate the source for reprinting! The article is published with a delay in review. Market conditions change rapidly. The above suggestions are for reference only, and risks are borne by oneself. $BTC ‌#美光市值超越Meta跻身全美前十 $ETH ‌#美光市值超越Meta跻身全美前十 #0成本拿2股SK海力士