Technical analysis by lvnt0677 about Symbol BTC: Sell recommendation (7/25/2024)

As in our previous analyses, BTC and others are again affected by world markets. BTC formed the 2nd downward formation in the last 15 days after a long break. When these formations form, corrections of 8-15% usually occur. These corrections are usually gradual. In fact, we can say that it keeps up with the whole world. Because considerable volumes of transactions are made. When the institutions got involved, it started to act in sync with the world money markets. Their reactions can sometimes be earlier and sometimes delayed. The reason for this is that the institutions withdraw from other markets and approach the short-term BTC market.