Hi, let's make a comment on #Bitcoin on 1 -day graphics dated 28 September 2024. Looking at the $BTC graph, we can see that prices have recently recovered. Now, let's examine a little more in detail and understand how we are.

The RSI we see in the graph is now at 66 levels. The fact that this value increases over 70 means that we enter the overcrease area. I mean, there is still a purchase appetite on the market right now, but it's not excessive. We are in the risky area.

CCI has reached 115, which shows that prices are strongly headed up. But I have to state that we are at the point of purchase.

MFI 79 and this level shows that the high purchase volume continues. We can say that the money entry and exit of the market is in balance.

ROC 4.52, ie the price change rate is positive and shows that prices are increasing rapidly.

RVI 69 shows that the market is very volatil. At this time, you need to be extra care. It would be nice if it goes up, but it may be a sudden decline.

Fear/Greed Index is at 60 level. Currently, there is more "greed" on the market, which shows that investors are optimistic. While the greed is high, technical indicators sometimes do not consider. There is a possibility that he gets fomo.

Finally, CMF 0.30, that is, we can say that there is a purchase pressure, which contributes to the increase in prices.

To recover, the indicators we have reveal that Bitcoin is in a powerful upward trend and the market is in a positive atmosphere. However, it is useful to be careful. Because some indicators such as RSI approached the extreme purchase zone, this may indicate that there may be a correction in the short term. Shares are not investment advice. I wish you plenty of gains.