Currently, there is no strong and confirmed signal for a general rise in the cryptocurrency market, but there are some potential positive technical and market indicators that can be monitored, and I will give you a quick overview of them:
✅ Technical Indicators Being Monitored Currently:
1. RSI for Bitcoin (BTC):
If it rises above the 50 level on the daily timeframe, this may indicate the beginning of a recovery.
Currently, if the RSI is below 40, this indicates continued selling pressure.
2. MACD Indicator
If a positive crossover occurs (the MACD line crosses the signal line from below to above), this is a good signal.
3. Trading Volume
A sudden increase in volume with the price moving up = a sign of liquidity entering.
📊 Market Data Being Monitored:
Stability of Bitcoin above important support areas (such as $60,000 or $58,000):
If it maintains these levels and starts to rise, this is an early signal.
Return of fund flows to Bitcoin ETF funds:
If institutions start to return for buying, the market will likely begin to recover gradually.
Fear & Greed Index:
If it exits "extreme fear" and moves towards neutrality or greed, it is a sign of improved market sentiment.
🔍 Things to be Cautious About:
Global economic conditions (such as inflation, interest rates) are still affecting crypto.
Leverage Liquidation is ongoing on some platforms.
Summary:
The market is currently in a correction phase or horizontal fluctuation and not in a strong upward trend yet.
