Good day,

Let's look at the current situation regarding #Bitcoin dated September 7, 2024.

I will not make a comment like bottom price top price today. I will just add it as a graphic. Other than that, we can make a comment together according to the indicators.

Yesterday was not a very nice day. The market let itself go a little. If you remember, we shared a post at the beginning of this month. One of our followers stated that $BTC m had fallen on the 4th and 5th of the month recently. Yesterday's situations confirmed this.

Anyway, let's look at the indicators.

RSI: According to this indicator, sales are slowly decreasing. The market is trying to recover by abandoning its downward action. There is a situation where buyers are slowly stepping in for now.

CCI: This indicator comments that there is intense selling pressure in the market. There were expectations for intensity and selling pressure on the market.

MFI: The message that there is weak selling pressure can be deduced from the indicator. We can say that the market is in the recovery phase. Sales are about to end and there is a high potential for buyers to start showing interest.

ROC: According to the indicator, the market continues to decline. There is a slight calm, but other than that, everything is the same.

RVI: The indicator is giving the impression that there is moderate volatility in the market. We need to be careful. It is not right to enter the market before the declines stop.

F & G: According to an indicator, there is a lack of confidence in the market. There is a possibility of confidence returning, but we need to wait.

This is how things are. What is shared is not investment advice. Do not forget to look at other analyses and make your own risk assessment. I hope it will be a beautiful and fruitful day for all of us. I wish you a blessed day.