Is the Bitcoin Rally Over? Fed and Liquidity Pressures Continue
Bitcoin, which hit 80,000 last week, is around 73,500 $ today. Oil fell and the stock market recovered, but sell-offs in tech stocks also affected BTC.
We’ve fallen below the 76,000 support level. I think going long is risky until this level is reclaimed. The source of the pressure: the Fed’s interest rate policy + ongoing liquidity problems. My expectation: pressure may continue in the short term, but I’m still positive in the long term. It’s important not to be swayed by short-term movements.
Eyes on the CBRT: Will the year-end inflation forecast rise?
The previous forecast was 28%; annual inflation in October came in at 29.77%. After the monthly figure of 2.58%, the forecast is expected to be revised upward.
This could mean interest rate cuts are delayed.
🥇 Gram gold ₺6,406. Gold has fallen to its lowest level in a week. #gramgold
Doğuş Otomotiv: Cheap or a Trap? Detailed analysis
If you sold all of Doğuş Otomotiv today, its assets would be worth nearly three times its market value. Despite that, it can’t find buyers in the market and move higher.
Technically, it should have reached the 185 target, but given the circumstances, that had an impact too. We were wrong on that part. No analysis can be right all the time; what matters is portfolio management and consistent returns.
The company appears to have posted a profit of 2.05 billion lira in nine months, but that includes 3.3 billion lira in “monetary gains.”
My calculation is simple. From 128 to 180 is roughly 40% upside, while a drop to 108 is about 16% downside. In other words, my downside risk is less than half my upside potential. But I’m not saying it will happen quickly.
#doas #stockanalysis What I share reflects my own portfolio and analysis; it is not investment advice. Make your decision based on your own risk tolerance.
BTC Long-Term Analysis – A Similar Pattern Is Repeating
The same cyclical pattern is historically repeating on the chart.
In the previous major move, after liquidity was taken at the bottom, price broke out of a strong Order Block zone and the rally began.
A similar pattern is forming now.
Price dipped below the previous swing low area, clearing liquidity.
Although this move may seem “discouraging” to long-term investors, technically it has the same characteristics as previous cycles.
Short-term traders continue to battle in this area; buying and selling pressure is high, and volatility persists. However, the bigger picture remains intact.
This is not investment advice, only an analysis of technical similarities.
Good days are near #Gold hold on to your silver. My general expectation is a decline, but it could test $100 as a rebound; there's no need to panic. I think it will drop to $81.
The recovery in precious metals continues as the decline in oil prices eases inflation concerns.
The chart is here; let's also make a video about this.
Monthly inflation in the U.S. was reported at 0.4%. The expectation was 0.3%.
Everyone was expecting it to slow down this time, hoping it would come in at 0.3%.
But it came in at 0.4%. It was a little lower than the previous month's 0.6%, but not low enough to say things are starting to improve.
Prices are still rising; the pace of increases has just slowed a little.
Food and housing in particular are still a headache. Energy also came in high, though at least not as high as in September.
From the Fed's perspective, this isn't the kind of data that would make them feel they can relax.
They had previously held rates steady because inflation was high. With this figure, the likelihood of a rate hike in December seems to have grown even stronger.
The market had already priced this in to a large extent.
It's not bad news, but it's not good news either.
Inflation is still stubborn, and the Fed's job isn't done.
People are already panicking, and on top of that, they’re doing everything they can to make people who are at a loss sell their holdings.
Last week, I identified 6,500 as an important level. When I was recording the video, gram gold hadn’t broken this level yet. It’s now around 6,600. 6,500 was the support we lost last week, and we’ve reclaimed it. It’s normal for it to take a breather here in the short term. Support is at 6,500 per gram; resistance is at 6,800. DOES NOT CONSTITUTE INVESTMENT ADVICE.
Overall direction: The daily structure is still bearish, but the 4-hour trend has turned bullish. So the larger trend is down, while there is a short-term recovery.
4,260–4,310: Daily seller zone. 4,350: Upper boundary of the volume zone
Support levels:
4,040– a strong low and a higher low on the 4-hour chart. The first buying reaction is expected here.
4,000: Psychological level. 3,880–3,900: Main support is here.
My expectation: Since 4-hour momentum has weakened, I expect a pullback to 4,040 first.
If there is a reaction from there, the price will retest 4,110–4,145. If it closes above 4,145, 4,170 opens up, followed by 4,260–4,300.
If 4,040 breaks, 4,000, then 3,880–3,900 come into focus.
Does not constitute investment advice; this is my own watchlist #gold