Weekly Market Analysis

Hello,

Let's start this week, market analysis.

BITCOIN

DAILY - LONG TERM

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

We are currently in a consolidation where we have support at $21,100 and resistance at $38,000.

Although consolidated, we believe the market will still seek the region below $17,000, aiming to complete the crypto winter.

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

GRAPH 4h - MEDIUM TERM

Even after forming a bullish channel and continuing to mark a series of highs, the market still does not have a definite uptrend.

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

Major supports at $21,800, $20,600 and $17,400.

ETHEREUM

DAILY - LONG TERM

The market is currently pulling back, entering a consolidation region, with the main support at $1,250 and resistance at $2,200.

Major supports are at $1,250, $1,050 and $780.

We are in a test of support at $1800 for the next few weeks.

Major resistances are at $1,650, $2,000 and $2,430.

Major supports are at $1,500, $1,330 and $1,050.

GRAPH 2h - MEDIUM TERM

The market has entered a bullish region. However, we still don't have an alignment on the moving averages, which indicates that we are currently in a pullback phase.

The main supports of this move are at $1,400, $1,050.

Major resistances are at $1,700, $1,880 and $2,000.

GOLD

The market remains in a strong downtrend with key support at $1,690.

2023 could be a very good year for the gold market, so for those who think about the medium term, the current moment presents a good opportunity to adjust positions.

We believe that in the next buying wave gold tends to seek the $2,250 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.

If it manages to break the downtrend line, the second objective will be to form a bullish pivot to create a strong base, aiming to test market highs.

The expectation is that the Fed will increase the interest rate by 75 points at its next meeting, on July 27th.

Inflation continues to rise in the US. With this, there is a projection for interest rates to close the year at 3.75%.