The announcement of the highest inflation figure of the last 31 years in the USA last week caused a fluctuating and mixed course in the markets.
We see that the US 10-years, which rose sharply to 1.58 levels after inflation was so high, made a flat and downward start to the week. While the market is trying to digest the current inflation data, it is stated that the lack of important data to be announced today is also effective in the horizontal course.
Now eyes are on the US stock markets, which closed last week with buyers close to 1%. With the opening of the markets in the USA with buyers, we can see that the risk appetite in Bitcoin has also increased.
We observe that US futures also followed a sideways course.
Bitcoin, which made a good start to the week, regained the $66,000 level. In the short term, we see that Bitcoin dominance is also turning upwards. Next week, we can watch a week in which Bitcoin comes to the fore.
We have been expressing for a while that we have an upward expectation in Bitcoin and altcoins in the medium term.
Looking at the short term, we see that the $65600 and $66400 levels are important. If we hold above these levels, we can test the $69,000 level again. Pullbacks continue to be buying opportunities. As support, $65600 and $64300 levels can be followed.
*Not Investment Advice.