Weekly Market Analysis

Hello,

Let's start this week market analysis.

BITCOIN

DAILY - LONG TERM

The market remains in a downtrend, even testing the $20,000 support, having dipped to the $17,800 region.

Currently, the market has returned above $20,000, confirming a false breakout, and could correct up to the $23,600 region.

GRAPH 2h - MEDIUM TERM

The 2-hour chart has entered a consolidation between the $20,800 and $21,500 region.

We are currently seeing a channel formation that will try to bring in a bull market and create a divergence with the daily chart.

ETHEREUM

DAILY - LONG TERM

Market follows seller.

We may have made a fund in the region of $2,200.

The main support of this move is at $1,700.

Major resistances are at $2,800, $3,200 and $3,600.

GRAPH 2h - MEDIUM TERM

As with Bitcoin, Ethereum also has a bearish convergence on bottom pressure in the same direction.

We have a support region between $2,200 and $2,000, which tries to hold the market in the medium term.

Major resistances are at $2,500 and $2,700.

GOLD

The decrease in liquidity in the markets also hit gold, which was one of the factors that prevented the price from surpassing the $2,000 region.

Currently at $1,850, 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 32,000 points, the expectation is that the Dow Jones will break the 30,000 point support in the coming months, with an eventual acceleration in interest rate hikes in the US.

The main supports are at 31,700, 31,100 and 30,000 points.

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