By doing some research I found that there are currently several factors that could affect the price of Bitcoin in the coming hours. One of the most significant events is the recent approval of a $12.7 billion deal involving FTX in New York. This deal could have an impact on market sentiment and liquidity, which could influence Bitcoin volatility.

In addition, the legalization of cryptocurrency mining in Russia is also generating attention, as it could affect the supply and demand of Bitcoin in the global market. This change could attract more miners to the country, potentially increasing Bitcoin production.

On the other hand, the recent activity on the Solana blockchain and the increase in the adoption of its virtual machine (SVM) are grabbing some of the attention in the cryptocurrency market, although this is more related to altcoins like Solana (SOL) than to Bitcoin directly.

It is important to keep an eye on how these events develop and how they may influence market sentiment, which could be reflected in Bitcoin price behavior in the short term.

So: is it a good time to get into Bitcoin? Based on current information, it does not seem to be the best time to buy Bitcoin, at least in the short term. There are several factors of uncertainty, such as the FTX-related agreement and the legalization of mining in Russia, which could increase market volatility.

Furthermore, technical indicators on the 4-hour chart show signs of weakness in the price, such as a relatively low RSI and a MACD in negative territory. Although these indicators suggest that the price could be approaching an oversold zone, which could trigger a bounce, the uncertainty in the market could mean that the price still has room to fall further before stabilizing or reversing the trend.

Therefore, it would be prudent to wait for clearer signs of a recovery or for technical indicators to show improvement before considering a purchase. It is also advisable to keep abreast of financial news that could influence the market.$BTC

And remember DYOR and have a nice Day #Binance #DYOR🟢 #MarketSentimentToday