Weekly Market Analysis

Hello,

Let's start this week, market analysis.

BITCOIN

DAILY - LONG TERM

The market remains under selling pressure, with support at $20,000, $18,500 and $17,600.

We are currently within a stability, which has support at $21,100, and we have resistance at $38,000, preceded by resistance at $24,800.

While consolidated, we believe the market will still look to the region below $17,000, looking to see whether the crypto winter, particularly the Fed, raises interest rates by 1% at the July meeting, or signals the end of the year with a rate of 3,000. 75%.

For now, we believe we are experiencing a pullback that could last up to around $32,000.

GRAPH 4h - MEDIUM TERM

Even following within a channel indicating supports at $21,200, $20,400 and $20,000, the main resistance points are at $23,000, $24,000 and $24,300.

One of the factors that allows us to think that we are not in an uptrend yet is the fact that the moving averages are not aligned in the buyer direction, and the current movement is a typical movement of a non-aligned market.

The best scenario for short and medium term operations is to carry out operations in the direction of the main operation, that is, to operate in the sale.

ETHEREUM

DAILY - LONG TERM

Market is currently pulling back - entering a consolidation region with main support at $1,050 and resistance at $2,100.

Major supports are at $1,350, $1,180 and $1,000.

We are following the market to see if there will be a breakout of consolidation.

Major resistances are at $1,700, $2,000 and $2,100.

GRAPH 2h - MEDIUM TERM

The market has entered a bullish region and this time it is aligning with the moving averages, showing a buyer bias.

The main supports of this move are at $1,480, $1,270 and $1,050, while the main resistances are at $1,700, $1,880 and $2,000.

This week tends to have a lot of volatility, which could lead ETH to break the $2,000 region if the news released is positive.

GOLD

The market is in a strong downtrend with key support at $1,680.

Currently we can see that Silver Rain shows a divergence in the market, indicating a decrease in strength and speed in the selling movement. If we have a new low in the market, making a new divergence in Silver Rain in parallel, it will probably be an excellent long-term buying opportunity.

We believe that in the next buying wave gold tends to seek the $2,000 region.

Currently the main resistances are at $1,730, $1,810 and $2,000.

DOW JONES

Market trying to break the downtrend line, aiming to return to the uptrend.

Of all the charts studied this week, certainly the Dow Jones chart is the most complex as we can see a bearish channel that conflicts with the moving averages, which are already wanting to line up for a bullish bias.

The Fed is expected to raise interest rates by 75 basis points at its next meeting, on July 27.

Inflation continues to rise in the US. As a result, there is a projection for interest rates to close the year at 3.75%. If the Fed gives indications that the interest rate will close 2022 below 3.75%, we could see a bull run in the markets.