#EarnFreeCrypto2024 #Binance #bitcoin
$BTC This week saw the return of highs to the cryptocurrency market, which
The first batch of US inflation data has revived hopes that the Federal Reserve may cut rates twice this year. The second push came from the sudden change in the tone of the SEC towards requests to create Ethereum ETFs and sent signals that they could be approved.
These two factors caused many digital currency prices to rise, but it seems that we have begun to enter into a correction in the short term. Following the SEC's approval of a key regulatory piece, the Ethereum Spot ETFs are finally approved.
Also, the price of Bitcoin reached the $71,100 resistance level, and failed to penetrate it to bounce back towards the $67,000 level.
As the prices of these two leading currencies fall, it is natural for the prices of most digital currencies to follow. Many of these pullbacks are corrective movements that can carry with them good trading opportunities.
At the beginning of this week, the BeInCrypto website published an article in Arabic about buying opportunities on 3 digital currencies. As the market rose, it achieved its goals. Now its prices have returned to the same previous technical support levels, which could constitute another opportunity to buy, but this time with greater caution.
