Current Market Analysis‼️
📌 On the #bitcoin and #ethereum side, there is some movement in the short term, but as you can see, there is not yet a very strong buy signal. Especially when we look at Bitcoin in the long term, the data is terrible at the moment. For this situation to change, the short-term upward strength needs to reach the max level, i.e., 100, and then strengthen the medium-term chart to recover the long term.
📌 Positive or negative impacts always start from the short term, reflect in the medium term, and progress towards the long term. This way, we can easily interpret the direction and movement of the price.
📌 Currently, we can clearly see that there is no promising outlook or enthusiastic excitement on the BTC and ETH sides.
📌 At the very least, if the short-term remains intact and the medium-term produces a strong buy signal, it will increase the recovery and excitement in the market to some extent.
📌 As long as the long-term outlook does not produce a strong buy signal, talking about a bull market is a dream.
📌 You can easily analyze and check the status of any pair you want in this way.
Wishing everyone good profits.