Hello, let's comment on the #Bitcoin situation according to the 1-day charts dated September 10, 2024.

As I write this comment, the current price of $BTC is 56,826 USD and when I look at it right now, it seems to be above the value given by the weighted average indicator. There may be a positive trend in the short term, but let's not forget that there is no significant difference.

RSI: According to this indicator, Bitcoin is neither in the buying nor selling zone, that is, there seems to be no clear direction in the market. In other words, we can say that Bitcoin is in a neutral zone, that is, it is not close to going too high or going too low.

CCI: It is currently around -60, although it is a little negative, it is not at a very critical level. Bitcoin seems to be under the control of sellers, but it is not very dramatic.

MFI: It is currently 31.88, which is a low value, but it is still not in the oversold zone. It is a little low, but not at a scary level. The money inflow into the market seems weak.

If ROC turns positive, it indicates an increase, if it turns negative, it indicates a decrease. It is currently negative at -0.83, but it is not an extreme decrease signal. In other words, Bitcoin has fallen compared to recent times. But this decline is not very large, we can say that there is a slight downward trend.

RVI: It indicates that Bitcoin is currently moving a little volatile, it has not determined a significant direction.

F&G: At 28, it indicates that there is fear in the market, which can generally cause prices to fall. It is necessary to be careful.

ChandeMO: This indicator is in negative values ​​and shows a downward trend. However, it should be noted that the level is not very deep.

In general, there is no serious direction in the market, but we can say that the dominant emotion is fear.

I am also adding price estimates below. These posts are not investment advice. Do not forget to make your own risk assessment and definitely look at other analyzes. I wish you a good day.