There is no deterioration in the concept of trend in Bitcoin, but there is a fatigue. We see that the chart is stuck in a region like 105000 - 107000 above and 94000 below. In this sense, Trump wants a wealth fund to be established in America, which he signed on Monday, and there are very serious expectations that there will be investments and initiatives related to cryptos in this wealth fund. On the other hand, the reason for this decline, especially in the last two days, as you know, is the tariffs and the very serious increase in DXY, which has suppressed Bitcoin a little. Bitcoin has been able to protect the 55 and 89-day moving average region since November, both in November and January, and in the declines on Monday and Sunday, and the rising trend line region with this moving average region.
If we look at it in terms of trend, the trend is not open to question, it is still continuing. However, for a long time, that is, for about 1.5 months, it has entered a sawing movement in the 106000 and 94000 band below, in other words, volatility has occurred. Here, perhaps it wants to balance and consolidate the big rise. However, it is also a fact that although Microstrategy increases its bitcoin stocks, it needs a new dynamic, a new news that can take bitcoin above 110,000. Will this news surface on Monday under the name of bitcoin's wealth fund signed by Trump in the coming days? Because somehow Elon Musk and Trump will want to circulate bitcoin upwards. However, since Trump came, he has not said any news that will pump new enthusiasm, a new upward movement into bitcoin. Expectations are getting longer, this time the graph has started to press the trend support by leaning to the right.
Therefore, Bitcoin seems to be waiting for a bit in the 106,000 - 94,000 band. If we are going to say that a new strong movement is starting in Bitcoin, we need to look for a closing above 110060 so that the squeeze will maintain the upward dynamics with the target of 115100 - 121400 above 110060. Then we have short-term support below at 94000. At the same time, there is support coming from the trend. Then the 94000 - 110000 region is very controlled for investors, if there is leverage management, it is necessary to be a little cautious here until 110000 is passed. When investors hear caution, they always hesitate and get scared. In fact, the phrase caution is only used to control risk. The weight in those positions, whether you are lifting with a high lot or lowering with a small contract, the 110060 level will be extremely important in terms of balance. Above 110000, there will be a movement of 115000 - 121000. The graph seems to be going back and forth between 110000 and 94000 for a while. I explained the above. Let me also explain the risk, which can be a bit annoying. This graph may lose serious power at the close below 94000 and then it will turn into a down trade towards the 85040 short-term and 77000 medium-term targets.
If Ethereum starts one more round up and can make a minimum of 48 and a weekly close above $ 4040, it will probably be free of the 4040 - 2477 band and the 4869 - 5920 movement will be triggered in Ethereum. Unless 4040 is passed, it will not go beyond the saw in the 4040 - 2477 or 1990 band.
The main feeding factor of Doge coin is Elon Musk. It fell from 74 cents to 0.05, a huge drop. It started to rise sweetly in November - December 2023. First, it encountered resistance at Fibonacci 23.6 of the decline, then it retreated towards the 55 and 89 moving averages. Then it gained momentum and interestingly, it finished its first attack at Fibonacci 61.8 of the entire decline. This is 0.4760 Cent, this is the first step. It said we came to 61.8, we finished the first round. Now it has turned from there and entered the 0.1430 - 0.4760 band. In order to pass this band, I think Bitcoin needs to pass the 106000 - 110000 region. You know, it will look for a prompt from behind. Something will come that will make Bitcoin foam, and first it will go, then it will extend the carrot to the young people.
As a result, it has made a 5-fold, multiplied by 5, from about 10 cents to 50 cents in the 47 - 14 Cent region for a while, and will want to digest this movement for a while. I think 0.1430 is a very important support. Unless it falls below this support, the possibility of starting an upward attack towards 0.4760s for the second round may remain on the table. Unless this chart falls below 0.1430s, I think that Doge Coin will continue a process where it will want to smell Bitcoin to make a new attempt towards 0.59 cents after seeing 0.4760s once.
0.1460 Cent should not be broken, if it does, things will change. The game cycle turns downward and investors should not forget that bull markets in the crypto market are short and serial in terms of time, while bears are long. Upward movements are very serial in a short time, declines are spread over time and can put investors under very serious pressure. You can manage those types of risks with stop losses like 14 cents. We need to be very cautious, especially on this front.
Solana is coming towards the 55 and 89-day moving averages and finds support there again, that is, they are trying to pull the wick in. In this sense, 179 - 167 dollars, both of which are support value, 167 dollars. As long as it can stay above these two support zones, the story we call "trend is your friend" continues. The trend does not end, the friendship continues with the graphic until 167 dollars is broken. 179 dollars is the intermediate support, 167 dollars is the trend support zone for Solana. As long as it can stay above 167 and 179 dollars, Solana may want to go to 259.60 again. Unless this condition is broken, 259.60 is Solana's short-term target. If 259.60 is passed, I can say that the answer to the question of where Solana can go is 327.6 - 414 dollars. We can relate these to a period in the medium term. All the figures you see here are very seriously postponed in time below 167 dollars. The investor may be in serious trouble while waiting for the upside. Therefore, $167 is important in technical discipline.
1.78 - 1.61 is the trend following zone in Ripple, unless this zone is broken, $3 will be the intermediate target, $3.5 will be the short-term main target, and $4.66 will be the medium-term target. A trading discipline focused on all these short-term or medium-term targets should be managed with a $1.60 risk. Because below $1.60, these targets will be severely eroded in time and the trend will end in Ripple below $1.60 towards $1.33 - 0.97.
In the last months of October - November 2024, there was a very strong movement in silver towards $35, while gold went to 2790. Now, since November 2024, it has pulled back from $35 to 28.80. I had said that the 28.80 - 2820 region is an important technically eroded region for the movement that has occurred since $35 in silver. After making a double bottom at its 233-day moving average around January, it crossed the falling trend line. Since it crossed the falling trend line, I drew an ascending trend line and now we are counting the price with an upward step. Technically, when a falling trend is crossed, you draw an upward rising from the bottom it started. Unless this rising is broken, you read upward. When this rising is broken, you read down trade again, says classic technical analysis.
Here, the 30.10 - 29.20 region is an important short-term support region for silver. As long as it remains above 30.10 and especially 29.20 (233-day moving average), it can be disciplined to follow the Fibonacci 61.8 of the 34.90 - 28.80 decline, that is, the golden ratio level of 32.5 - 33.5 levels as the short-term target. In short, as long as it remains above 30.10 - 29.20, silver will feed the 32.5 - 33.5 movement, but it should not be said that it will not fall towards 30.10 before going to 32.5. There, the risk management in positions, especially if we are making a leveraged position, should be kept within the position's ability to carry the pullbacks that may occur up to 29.20 - 30.20. It may make sweet pullbacks, it is not the right discipline to be completely focused on the upside.
Gold continues to be a safe haven. But before that, between 2016 and 2021, central banks made very serious gold reserves for the last 10 - 20 years. Of course, there may be geopolitical risks behind this, you can put everything into it against the risks that may arise in the period after the pandemic, they made very serious reserves. Especially when gold was sleeping at 1600-1900 dollars and its investors were cursing gold, that's when the central banks reached the very serious reserves of the last 10-20 years and then the movement started. Now gold continues to show relatively good performance in the first months of 2024 and 2025. In this sense, especially the movement that started from 2600 dollars balanced the movement it made from 2790 dollars in the 89-day moving average, invested and lay between 2700-2500 for a while, then rose to the trend by passing 2680.
The ounce of gold is following the short-term trend above its 8-day moving average. The 8-day moving average corresponds to 2785, and there is Fibonacci support below it. Let me add that as the maximum risk scale, 2750 is the maximum support zone. If a closing occurs below 2750 dollars, the medium-term trend in the ounce of gold continues, but the short-term trend ends and correction begins. 2785 - 2750 dollars is the short-term trend-bearing support zone for gold ounce. Below 2785 and 2750, gold ounce will start a correction towards 2680 - 2658. If it can close above the 2830 intermediate resistance, gold ounce will continue to trend upwards. This time, the attack and momentum will continue towards 2848 - 2947.
The information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy services are provided within the framework of the investment consultancy agreement to be signed between brokerage firms, portfolio management companies, banks that do not accept deposits and customers. The comments in this article are only my personal comments and these comments may not be appropriate for your financial situation and risk return. For this reason, investments should not be made based on the information and comments in my articles.
