Weekly Market Analysis

Hello,

Let's start this week market analysis.

BITCOIN

DAILY - LONG TERM

After nine weeks of closing lower, the market managed to close a week higher, encouraging traders. It is worth remembering that the market continues with the main pressure on selling, and we are still far from the $48,000 region which would mark a reversal to the upside.

Major resistance is at $32,000, $37,400 and $48,000.

From a technical analysis point of view, little has changed in the market in the last week. We will see if the market can overcome the $32,000 region to extend the pull back, however, I continue to believe that we will see the market test the $25,000 region.

GRAPH 4h - MEDIUM TERM

After forming a short-term bottom at $26,700, the market formed a new uptrend line with support in the $30,500 region.

Currently, the market is within a divergence, and in the short term we have buying pressure, while in the long term we have selling pressure.

Top supports at $29,600, $28,400 and $26,000.

ETHEREUM

DAILY - LONG TERM

Market in a downtrend, with a divergence from the short-term movement that is buying.

Major supports are at $1,780, $1,700 and $1,550.

We expect a test of support at $1,700 for the next few weeks.

Major resistances are at $2,150, $2,400 and $2,500.

GRAPH 2h - MEDIUM TERM

Although we have registered an upward movement in the last few hours, the market is emerging from a blur, giving indications that it intends to form a main uptrend. For that, you need to confirm a bullish pivot above $2,100.

Major supports at $1,730, $1,700, and $1,500.

GOLD

Market without clear trend definition, currently within a consolidation channel between $1,880 and $1,780.

We continue to believe that in 2022, we will have a new race bullion in gold and the market will tend to retest the $2,000 region.

DOW JONES

The market has formed a new uptrend line, aiming to break out of the 33,400 point region.

The market was very close to entering a downtrend after coming close to dropping 20% from an all-time high.

We currently have an attempt to continue above 32,500 points, given that the market has practically priced the next two rate hikes at the Fed. With each increase at a value of 0.50%, the current question is whether inflation will in fact begin to decline, and whether the Fed will in fact raise the interest rate to 3% in 2022.

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