Bitcoin Market Analysis: Current Trends and Predictions

The market is declining, and another drop before a potential rebound seems likely.

### Current Market Trends and Analysis
The market is experiencing a decline, with a **deep drop and low RSI**, indicating a **potential further decline**. The hourly and daily charts show a significant point around **4,000**, with an established **ascending channel** that could lead to a **bullish breakout**. The Fibonacci retracement suggests the next target is the **0.5 level**, around **$59,000 to $60,000**, where there is **significant resistance and sell orders**.

### Current Market Decline and Middle East Tensions
The market has seen a decline, with a potential drop to **around 59k**. Major news events, including Iran's missile launch at Israel and Israel's retaliation, have contributed to the stock market's downturn. The situation in the Middle East is escalating, raising questions about the **impact on Bitcoin prices**, which the speaker is **closely monitoring**.

### Analyzing Bitcoin's Current Market Situation
Bitcoin is currently in an **oversold zone** on the hourly chart, indicating a state of **fear**, with a significant recent drop of **14-15%**. The analysis suggests the possibility of **one more drop** before a brief rise, potentially breaking below **$60,000** and falling to around **$58,000**. The speaker plans to wait for a **more favorable market condition** before making a trading decision, considering the challenges of investing in Bitcoin.

### Market Analysis and Trading Insights
Missiles launched from Iran caused a **significant market drop**, with the possibility of **further declines**. The difficulty in trading lies in timing, as prices often **drop or rise unexpectedly**. The current market trend suggests a decline may continue, but a rebound is also anticipated, with the potential to **break through the one hundred million mark** in the fourth quarter.

### Upcoming Presidential Election and Global Events
The presidential election is scheduled for **November 5th**, with potential impacts in the following days. There may be a rise in activity around **mid-October** and after the election, possibly challenging the **100 million mark**. The situation in Iran and Israel is uncertain, with potential for **back-and-forth exchanges** and an **aggressive stance from Netanyahu**.

### Market Analysis: Current Trends and Future Projections for Bitcoin
* 📉 Currently, there is a noticeable decline in the market, and it appears that the drop is **not yet over**, although it could potentially be the **bottom before a rise**.
* 📊 Historical chart analysis shows that significant rises have typically taken time, with previous trends indicating a **month-long increase** followed by brief adjustments.
* 🔍 The RSI indicator is currently low, suggesting the possibility of **another drop before any upward trend can be confirmed**, as typically, **low points need to be renewed for a bullish signal**.
* 🕒 As of October 2nd, the charts revealed a **deeper decline**, and while the price has reached **anticipated levels**, the next movements are **crucial for future trends**.
* 💥 The recent geopolitical tensions, particularly missile launches in the Middle East, have contributed to the market's volatility, impacting **investor sentiment** and potentially leading to **further declines**.
* 🔮 My analysis indicates that Bitcoin could drop slightly below **$60,000**, possibly reaching around **$58,000** before any rebound occurs, with a secondary rise expected before another decline.
* 📈 Looking ahead, there is speculation that **significant price movements** could happen around the **third week of October** and following the U.S. presidential election on **November 5th**, possibly **challenging the $100,000 mark**.
* 🤔 Ultimately, while the current market atmosphere is challenging, a **cautious approach to trading and investment** is advised, as the situation remains **fluid and unpredictable**.

이란, 이스라엘에 미사일 발사! 급락한 비트코인 어떻게 될까?

성공은 누구나 배울 수 있습니다. 
성공은 과학입니다. 
태도만 정하면 누구나 성공할 수 있습니다. 
함께 성공합시다. 
