Cryptocurrency Market Growth Raises Concerns of Imminent Correction

The cryptocurrency market has been experiencing rapid growth, but experts at Binance are warning of a potential significant correction.

Both Bitcoin (BTC) and Ethereum (ETH) have shown strong local oversold conditions, which has previously preceded downturns in the market. This has raised concerns about the sustainability of the current trend.

The technical indicators suggest that both BTC and ETH are approaching critical levels on their respective charts. For BTC, the price is nearing its third basic target on the 4-hour timeframe, while for ETH, the asset has already exceeded its basic targets on both the 3- and 4-hour timeframes.

While it's impossible to predict with certainty whether a correction will occur, the strong local oversold conditions are a worrying sign. Binance experts are urging caution and advising investors to be prepared for a potential downturn.