Weekly Market Analysis

Hello,

Let's start this week, market analysis.

BITCOIN

DAILY - LONG TERM

The $20,000 region has become a resistance point in the market, currently following the downtrend.

Should the market break resistance at the $20,000 point, looking at the daily chart point of view, the next big target would be $26,700.

We have the $17,800 and $15,000 points as the two main supports in the market.

GRAPH 4h - MEDIUM TERM

The 4-hour chart has entered a consolidation region, with the next breakout, if it occurs to the upside, likely to target the $22,900 region.

Should the market break the uptrend line, a selling acceleration could occur, based on sell stop orders, which would likely bring the market to the $17,500 region.

ETHEREUM

DAILY - LONG TERM

The market remains bearish, and this week little has changed in the long-term scenario, with the biggest highlight being the change in the support region.

We may currently have a very short-term fund in the region of $900.

The main support of this move is at $900.

Major resistances are at $1,200 and $1,700.

Looking at the medium term, a retest of the market in the region below $1,000 is expected.

GRAPH 2h - MEDIUM TERM

The market has an uptrend line, which now has support at $1,000.

If the market breaks the bullish line, we would have a graphical convergence scenario aiming to test the support at $900, with a real risk of making new lows.

Major resistances are at $1,230 and $1,320.

GOLD

The decrease in liquidity in the markets and the respective risk aversion also affected gold, which was one of the factors that prevented the price from exceeding the $2,000 region.

Currently at $1,770, gold is in a downtrend aiming to test $1,700.

For the long term, we continue to believe that gold will once again break above the $2,000 region.

DOW JONES

Currently at 30,450 points, the expectation is that the Dow Jones will break the support of 30,000 points in the coming months, with an eventual acceleration in the interest rate increase in the US, which tends to occur until the end of the year.

The main supports are at 30,200 and 30,000 points.