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The long and tough bear market is trying to turn green after the Fed. While the post-Fed markets are pricing the new interest rate statements gradually, we observe a pullback in the dollar index and below. DXY, which was above 98.00 last week, fell to 98.20, and gold fell to 1930 dollars over 2000 dollars. While the increased money inflows in one-time orders last week did not go unnoticed, the fund flows are helping it find support above $40,000, although not enough to start a rally. It was the factor that reduced the pressure in risky assets, especially Bitcoin and stocks. The situations in the crypto money market are trying to move to the next stage with positive developments. The biggest missing thing in the crypto money market for a while was the stablecoin entry. When we put Bitcoin and Ethereum staked amounts in the foreground, we see that the market is currently in accumulation. Investors continue to buy Bitcoin from where they find it low.
There will also be parliamentary talks on cryptocurrency bans in India this week.
While the bottoms are recovering and the tops are stable, this form is revealed, while the formation of compression can also bring about a rapid rise. With the support of the risk appetite, Ethereum and AVAX can rise faster before Bitcoin, where we expect a reaction to the $ 45,000 - $ 46,000 range. When we consider Bitcoin technically; In the last period, the horizontality in the region of 37,000 - 39,000 dollars increased gradually to the range of 40,500 - 43,500 dollars. In addition to this, an ascending triangle formation was formed as a bottom turn formation.
ETH, AVAX, NEAR, LUNA and MANA stand out in this week's list of suggestions.
