MARKET FLUCTUATING CONTINUES: STRUGGLE BETWEEN RISE AND FALL CONTINUES‼️
On Friday, market movements were fluctuating. After the daily candlestick chart, the market slowed down and fluctuated in a narrow range. Trading strategies focused on short-term positions, short positions came to the fore with the increase in volume in the evening hours. BTC fell to the level of 57,600, but there was a rapid rebound. While the 58,500 resistance was challenged, the support level around 57,500 was tested. While bull market expectations are strengthening, attention is drawn to the 6,000 resistance. The current trend continues in the form of a “Long Wick Candle”; Since technical indicators have lost their reliability, it is necessary to focus on analyzes around support and resistance levels. While BTC may consolidate between 58,500-59,000, the target seems to be 61,000. ETH is moving in the range of 2,350-2,380, while its target is set at 2,470.
Experts emphasize that the market will continue to fluctuate and that careful strategies should be implemented.
As a result, uncertainty continues in the market; this requires investors to be careful.
#Bitcoin #elg #binance #escoin $BTC $ETH
Sources:
1. Coindesk, “Crypto Market Weekly Overview”, September 2024.
2. Bloomberg, “Bitcoin and Ethereum Trend Analysis”, September 2024.
