The crypto market has continued to face volatility over the past month. Bitcoin ($BTC ) has been hovering around the $65,000 resistance level but has yet to break out strongly. The RSI shows bearish divergence, warning of a possible drop below the $62,500 support level. Additionally, the expiration of Bitcoin options at the end of the month increases the risk of a sharp move, which could put further pressure on Bitcoin prices.

Ethereum ($ETH ) has also struggled. While the platform remains a mainstay of the DeFi and NFT ecosystems, Ethereum is facing stiff competition from blockchains with lower transaction fees and faster processing speeds such as $SOL and BNB Chain. This somewhat reduces the attractiveness of ETH, making it difficult for its price to recover as quickly as expected. However, the market still has potential positive factors. New financial products, such as Bitcoin ETFs proposed by large organizations such as BlackRock, can bring a new wave of investment and contribute to stabilizing the market in the near future. Increased interest in risk management and transparency in cryptocurrency transactions can also play an important role in helping Bitcoin and Ethereum recover more strongly. Overall, the cryptocurrency market still has a lot of potential, but investors need to closely monitor short-term developments to adjust their strategies accordingly. #BinanceTurns7 #Write2Win #TopCoinsJune2024 #IntroToCopytrading