Good morning, let's look at the #Bitcoin situation according to the one-day charts dated September 4, 2024.

Yesterday, it closed at $BTC 57,400. What is expected today is as follows:

With a weight of 92.12%, Bitcoin's bottom price appears to be around 55,230. The point it can rise to is 58,200 for today. The close is also expected to be around 57,300. Yesterday's price estimate was realized at a rate of 98.80% on average. If you ask whether Bitcoin will go up even higher today, I can say the following: With a weight of 7.88%, it can go up to 62,300. Of course, it is unlikely that it will pull back and close around 59,880. Let's also make a comment according to the indicators.

RSI: In general, the weight of sellers is a little more. But if we look at it from a much broader perspective, we can also say that it is in balance.

CCI: According to this indicator, there is selling pressure and it continues. According to daily charts, pessimism prevails. Bitcoin seems to be approaching a support point.

MFI: According to this indicator, there is selling pressure but it gives a selling atmosphere close to balance. Reversal signals should be monitored.

ROC: The indicator indicates that prices continue to fall but the pace has slowed down a bit. It is useful to monitor a little.

RVI: There is a moderate volatility in the market. You should be careful

Fear Index: According to daily charts, although there is a slight decrease in trust, there is still trust in Bitcoin.

This is how things are. I hope we have a good day. What I share is not investment advice. Please do not forget to make your own risk assessment. Comments are valid until the close of the day. I wish you a good day.