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Today, the cryptocurrency market is generally mixed. According to data from the last 24 hours:
* Bitcoin (BTC): It has experienced a slight decline in the last 24 hours, losing around 0.53% of its value, and its price is around 109,250 USD. However, some analyzes indicate that Bitcoin has potential to rise in the short and medium term. There are also technical analyzes that show a target towards $ 119,000.
* Ethereum (ETH): Similarly, it has decreased by around 1.35% and is trading at 2,595 USD. Some analysts draw attention to Ethereum's volumeless rise, indicating the possibility of a correction decline.
* General Market Situation:
* Altcoins: The decline in Bitcoin dominance indicates that interest in altcoins has increased and a mini altcoin season may be on the way. Some altcoins have outperformed Bitcoin in recent weeks.
* Market Sentiment: Although the "General Market Score" is evaluated as "Weakly Bullish", a slight decrease in the index value was observed. This situation shows that caution should be exercised in the market and more volatility should be expected.
* Recommendations
* For BTC: Buying can be done on declines between 108,900-109,100. The short-term target is 110,800.
* For Ethereum: It is recommended to create a long position around 2570 and set the short-term target price as 2750.
In summary: While there are momentary fluctuations in the crypto market, it is thought that there is potential for recovery and rise in the medium and long term. Investors are advised to carefully evaluate both short-term movements and long-term opportunities.