Market Evaluation: Decline in Technology and Cryptocurrency Assets

The market is experiencing a general decline due to technology companies' disappointing earnings reports, causing pullbacks in Nasdaq and S&P 500.

### Market Evaluation: US Tech Earnings, Crypto Pullbacks, and Market Uncertainty
* 📉 US tech companies' earnings falling below expectations have led to market declines, particularly in the **Nasdaq and S&P 500**.
* The cryptocurrency market, including AI coins, is experiencing **additional pullbacks**, with all assets against the dollar affected.
* 🗳 Market uncertainty is attributed to the upcoming US election, with polls showing a **close race** between Trump and Harris.
* 💰 Bitcoin is currently in a retracement zone, with support levels at **$62,350** and **$60,000** expected to hold.
* 📊 Altcoins are more volatile than Bitcoin, with potential for **10% pullbacks** when Bitcoin drops **5%**.
* 📈 Ethereum ETF approval has not led to **significant price increases**, but may trigger a rebound if the **$3,220 support level** is tested.
* 🛡 Risk management is crucial in the current market, with a focus on **minimizing losses during uncertain times**.
* 🏦 Market expert recommends **long positions in S&P 500** from **$5,373 and $5,330**, and potential **long positions in gold and silver** at **key support levels**.

Greetings everyone, I am back with the second market evaluation video of the week prepared with valuable contributions. Currently, there is a general decline in the markets due to the earnings reports of technology companies in the United States falling below expectations. This situation is causing pullbacks in both the Nasdaq and S&P 500. Additionally, in the cryptocurrency market, especially in AI coins, there is an extra pullback. This is not only limited to Artificial Intelligence coins, but there is a withdrawal in all assets against the dollar, especially in the Nasdaq and S&P 500. One of the main reasons for this, as interpreted by knowledgeable individuals, is the uncertainty surrounding the election. Even though it is believed that Trump will definitely win after Biden's withdrawal from the candidacy, the fact that Harris, who replaced Biden, is currently two points ahead in the initial polls, has caused uncertainty in the markets. As you know, in uncertain environments, markets generally react negatively. When we look at the inflation side in America, there seems to be some issue.

I don't think, I mean, the data, the latest data was quite good anyway, and Powell's speeches were already somewhat indicating the interest rate cut in September. When we look at both Bitcoin and other altcoins, while the Nasdaq and S&P 500 refresh their highs, our market was not very affected by this. In fact, we had seen pullbacks. Later, when Nasdaq and S&P 500 started to correct, unfortunately, our markets followed suit. I honestly don't think it's directly because of Nasdaq and S&P 500 falling that we fell. When we look at it, we were already in a retracement zone technically, and it was possible for this retracement to happen. I had evaluated this retracement on the chart in the video last week. Looking at the current appearance, this retracement is continuing. Yes, even though Bitcoin has not yet reached the support level we expected, as always, we observed deeper declines in altcoins, especially in meme coins, which had a significant hype last week.

During the period, Mim coins had again yielded good returns. We saw significant drops in other altcoins that did not have any hype or any kind of FOMO. One of the areas that suffered the most from this week's declines was once again Artificial Intelligence coins. I believe the reason for this is due to the disappointing financial results of technology companies, as I mentioned at the beginning of the video. Without further ado, let's quickly move on to evaluations on the charts. On July 21st, I made a post like this. In fact, it was on a Sunday if I remember correctly. We had already discussed all of these structures in the video from last week. We tried to mention that prices could exhibit such movements, and when we look, after prices took the liquidity of the resistance zones, it is natural for pullbacks to occur towards lower zones. I believe it is natural that Bitcoin is currently at the support zone that is putting an end to the price, which is also the area that formed the last bottom on the Bitcoin chart, our old lower high zone.

My current view on the market trend is that I had tried to express this thought before. With the price reaching the 63,900 region, the downward trend structure here had turned into a meeting point for me. After the new high was formed, I was expecting the price to make a new low, and in this expectation, I specified two regions. The first region is the 62,350 range, and the other lower region is around 60,000 dollars. In fact, there is already a gap at the 60,000 dollar levels in the Bitcoin futures chart. By filling this gap, the price may want to continue its rise. We expect it to make a bottom like this and then test the 72,000 dollar levels. Currently, in my opinion, there is no negative situation in the technical outlook of Bitcoin. At this point, for taking new long positions, there are some good levels in altcoins as well, where prices can be expected to rebound from these levels. Frankly, in Bitcoin, as I said, the old peak is currently the resistance that we encountered in the past process, around 63,900 to 64,000.

It is possible to receive a positive reaction from the band and continue the rise upwards, but as I said, with the price having come to these levels, even if there is a rise, for example, it may take a reaction from here, make a move like this, take the liquidity, and then continue, or it may take a reaction from here, draw a structure like this, and then it may come to the $0.000 level. After that, it can continue to rise. Of course, all of these are possibilities. What we need to do is, well, I personally think that if the rise in Bitcoin is going to continue, it needs to rise above the current view of 65,400 to 65,500 levels. Let's say the price came from this area, took a reaction, and made a rise. If it surpasses this level with the rise it has made, then I wouldn't expect lower levels. But if the price, after coming from this area and not being able to surpass the 65,500 levels with the reaction it took, experiences a pullback, then at that point, the first expectation would be for the price to take the liquidity of the 62,300 region. This region will not remain as a liquidity movement.

If it is lost directly, at that point, the 61,480-6.52 region, which also has a lower support band, will be the levels I follow as the ones where Bitcoin will form new highs. At this stage, of course, I want to emphasize once again that while price movements can be predictable in Bitcoin from a technical point of view, it is not as predictable in altcoins, unfortunately. When Bitcoin experiences a 5% drop, we can see 10% pullbacks in altcoins. We are not in an environment where we can increase our risk appetite in this expected bull market. In this regard, I tried to evaluate many levels in the coins we talked about in the videos of last Tuesday, Thursday, and this Tuesday. Of course, for example, AVAX hit the stop, Ethereum hit the stop; some trades are successful, some end up with a stop loss. For instance, yesterday, I shared through my X account that it provided a profitability of 25%. It had cut 15% of the position at the peak and moved the stop, securing profits in the remaining amount.

In a way, it stopped, you know, what I'm trying to point out here is that, on the margin side, we still need to increase our risk distribution and take these positions that we've taken as swings, like, let's take it, let's hold it, the bull market is starting. I still don't think we're in a cycle where we need to take these positions, so if we've taken a position, if, according to me, in the support zone, I'm talking about the trade I'm currently making on the margin side. I mentioned in a tweet on Sunday that when Bitcoin and Ethereum took the liquidity of the resistance zone, I closed my margin positions and held my spot positions. Here, as I mentioned before, I didn't think the market, for example, didn't I know that the positions could continue to hold thinking the market would fly away from here, but I closed the positions. Margin wallet had provided a good profitability compared to my margin wallet, so after closing the positions, the analysis came. Besides, I had been holding Ripple for quite a while, and since I had a small long position, I continue to hold it. I evaluate other altcoins with good structures and their stability around 3% to 5% gains, you know.

I am trying to increase my wallet somehow, you know, like in some altcoins, for example, in Artificial Intelligence coins, there is no hype, no money inflow. For example, even though FED has experienced a nice pullback to a good region, trading has unfortunately stopped on the Solana side. For instance, there is currently some hype, and I will try to mention them in a bit. Since the Solana side is a bit stronger, I am planning to reevaluate margin positions on the Solana side to increase my wallet as much as possible. Soon, we will try to evaluate on the Solana side anyway. When we look at Bitcoin dominance, it has come back to the resistance zone. With winning this zone again, it can be said that the price had formed a range between 56 and 54 regions and finally came to the main resistance by winning the interim resistance in this region. With winning in this region, we can say that the price will reach 57,045 again or if Bitcoin dominance rises while Bitcoin falls, at that point, it is also possible to see more serious pullbacks in altcoins. When we look at the USDT dominance chart, with the reaction it received from the support zone we talked about on Tuesday, USDT dominance continues to rise.

The level that we can call a resistance zone initially is the 5.11 band. If it breaks above this zone, a possible pullback from the 5.30 level as the next resistance band is possible. I also estimate that we might see Bitcoin around the $6,000 to $6,500 levels again. As I mentioned, in the current view, we need to closely monitor this. The long-awaited Ethereum ETFs have finally started trading, and the news of the approval of the Ethereum ETF, as we have been waiting for, could lead to a significant increase. However, the sudden drop without a significant rise has somewhat dampened the excitement. At this point, if it continues to pull back to the 3220 level, I think it could trigger a rebound to the lower support level. In this case, if Ethereum manages to rise above this zone again, I would like to take a long position around 3220 to 3200 dollars. Besides that, the current initial support can be followed at the $311 to $3060 level. I don't think the formation will break or the decline will continue significantly without dropping below this box. When we look at Eumani, it looks quite promising.

The current view is the 2.75 level, which is the resistance band I follow in my JTD. The price, after breaking above this region, has previously tested this region but couldn't hold. I believe that if it regains this region again, it can continue its rise. At this point, before the price reaches this region, if there is a pullback in Bitcoin, and if another pullback occurs, the 2.505-2.457 band in JTD will be a reaction support band, I think. As for the resistance region, if the price makes a move like I mentioned, if it tests 2.78-2.75 R in JTD, I am planning and wanting to take a long position. When we look at Jupiter, if it manages to break the resistance region at $1-$1.02, I honestly thought it would continue to rise, but with Bitcoin's correction, Jupiter's rise was enough to fill the imbalance, and then it fell back below this region again. In case of a possible pullback, Jupiter will also come back.

I don't know if it will come, but if it does, the price band of 0.830 will be the first support level that can hold. Similarly, if it breaks above the 1.102 resistance, we can expect the continuation of the uptrend in Jupiter. When we look at the chart, we have talked a lot about these structures in the videos of the past weeks. The price has not lost this area yet and is currently receiving a reaction from this area. What matters is not just the price receiving reactions from here a few times, but after taking the reaction, it should move above the last peak point of 0.3775. After the price moves above this area, I hope it will make a move like that and test the resistance zones again. I believe that the price can retest the 0.45 level without losing the 0.33 support, so for those who are following, these are the support and resistance levels I am following. We already discussed in the video last Tuesday that the $164 levels would be a good area for buying. I still think that if the price comes to this area, I would like to take a long position.

It is possible for the price levels to return to $151 again, depending on the pullback that will occur in the market. However, when we look at it now, I seriously think that this region is an important level. The price has previously worked as support many times from this region, then this region was lost, worked as resistance, and once it was gained, it again became a resistance after working as support, then resistance again, reacting to the price many times. The area we call the ESR flip zone around $16,510 levels is the area where I expect a reaction to occur. By the way, our video's sponsor, Bitgin, has two campaigns related to Sparkle, where you can stake BGB and have the opportunity to receive 7,000 Sparkle tokens. Another campaign is the Spark Net campaign, where you can currently win $20 worth of Upland exclusively for new users. Existing users have the chance to benefit from the $10,000 Upland reward pool by completing Spark missions. If you are considering taking advantage of these two campaigns, you can sign up with a 25% discount through the campaign links and become a Bitgin member.

You can find the discounted reference link in the Description section of the video, and we also want to thank MT index for its contributions to our video. When we look at the dollar index, after a dip below the support zone, it seems to have regained this zone. Currently, the $104 level is the support zone in the dollar index. If the price makes another upward move with the reaction it takes from here, retracements are expected to continue in assets against the dollar. Looking at the volatility index, the volatility index has risen from levels around 12 to 18. Hopefully, as it happened in these areas, these zones are now considered as peaks and a continuation of the retracement is expected. Just as I tried to mention at the beginning of this video, uncertainty in the market seems to have entirely benefited the volatility index. As I mentioned, markets do not like uncertainties. Unfortunately, with the retracement seen in the S&P 500, the gap seems to have been filled. Lately in FX...

Honestly, I got stopped out a lot on the short side, especially in gold and silver, from resistance levels. My stop losses were hit when trying to go long from support levels. Honestly, my recent trades have been unsuccessful. That's why I want to try to trade more in safer zones and try to multiply my balance as much as possible. I have been keeping an eye on this area, looking at it like This is a resistance, I'll go short here, this is support, I'll go long. Unfortunately, my recent trades got stopped out because of this approach. By following the fundamental side a bit more, I want to multiply my balance as much as possible in the upcoming period. I plan to take a long position in the S&P 500 from the 5373 and 5330 zones. Looking at the Nasdaq side, the fact that the recent lows have been breached is not a very pleasant sight. After this point, will a downtrend begin, or will the pullbacks continue? Of course, there is also the possibility of continued pullbacks until the interest rate cut. When I say price, I mean if the price reacts from this zone, it might make a rise, then a pullback again.

Yashar, this is how we could see a pullback down to the lower support level, so I'm hesitant to take action like in the S&P 500, where the Nasdaq may trigger a price reaction around 19,100 to 18,750 levels. Due to the potential broad range, I don't dare to act. If it comes down, I would like to take a long position a step or two from the 18,940 and 18,680 levels, with a stop-loss below this range. I would like to evaluate at least this level. If it falls below these levels, we had taken a short position from this area to shake off those who think like us. When the price deviation occurred, it seemed like the area we should have focused on was actually retesting the range inside this level. Unfortunately, this is where our liquidity was taken. As for gold, I believe it is currently in a good area. If the price falls below the 2,367 to 2,350 levels, the equal point of this range area, if it drops below this region, the price will likely want to test the 2,290 levels of this range again. I prefer to monitor a bit more at the moment because my last 23 trades hit the stop-loss, which feels a bit ominous these days.

With the reaction it receives, it can make a rise. For those considering taking a long position, they can evaluate a long attempt with a 1% stop like this. Besides that, as I mentioned, if the equilibrium point, which is the 05 region, is lost, the first level that gold will likely reach is the 2290 range. In silver, since the trend zone cannot be won, I was expecting levels around 30.47. However, it continued to pull back before reaching this zone. Actually, in silver, when we look at it, it has already received the first reaction from a nice zone. Along with the reaction it receives from here, the first level it will probably test will be around 29.21 to 29.42. This corresponds to a 3.5% risk at the moment, with an average stop of 1.6% to 1.75%. So, a position can be considered in silver as well. As for Brent crude oil, it has finally reached the support zone I have been waiting for a long time, and I have taken a small long position. I have another long order at $80. Hopefully, with the reaction it receives from here, it will achieve another rise and provide profitability. After that, I follow the MTV index and currency pairs for trading.

The regions were in graphics like this. I conduct my E transactions on Prime xpt Exchange as I mentioned earlier. If you are considering trading MTV indices or pairs, you can find the maximum commission discounted referral link to Ramix BT Exchange in the description section of the video. Thank you for watching the video. Hopefully, the market will recover soon, and we will start making more cheerful, enjoyable, and profitable videos. However, as I mentioned, we are not in a period where we need to increase our risk appetite, especially for friends who still operate on margin. In this regard, we will certainly try Long experiments as much as possible, and of course, we will also try Short experiments. However, we need to minimize the risks of these as much as possible so that we can survive this uncertain period with the least damage. After saying this, let's end the video here. Thank you for watching the video. I wish you pleasant and beautiful weekends.

Bitcoin, Solana Ekosistemi, DXY, Altın ve Gümüş Güncel Durum

Ninja Traders

Market Decline Due to Technology Earnings and Election Uncertainty

- Technology companies' earnings below expectations are causing a general decline in the US markets, especially the Nasdaq and S&P 500, with a subsequent pullback in AI and other assets.

- Uncertainty surrounding the US election, particularly with Harris leading in the polls after Biden's withdrawal, is contributing to the negative market reaction.

- The retracement in the market is also influenced by disappointing financial results of technology companies, leading to significant declines in Artificial Intelligence coins.

Bitcoin Market Analysis and Price Projections

The current market trend for Bitcoin is to reach a new low around $62,350 and potentially $60,000, with a possible rise to test $72,000.

There is a positive outlook for Bitcoin's technical analysis, but the unpredictability of altcoins presents a higher risk.

The potential for Bitcoin to continue rising depends on its ability to surpass the $65,400 to $65,500 levels, with the possibility of pullbacks to $62,300 and $61,480-6.

The speaker is adjusting their investment positions based on the performance of Bitcoin, Ethereum, and altcoins, aiming to increase their wallet size.

They are also monitoring the dominance charts for Bitcoin and USDT, anticipating possible price movements.

The impact of the recently approved Ethereum ETFs on market excitement and the speaker's strategy for taking a long position in Ethereum are also discussed.

Technical Analysis and Investment Opportunities in Bitcoin and Jupiter

75 level is a crucial resistance band in JTD, with the potential for a continued rise if it is regained.

457 band is expected to act as a reaction support level.

02 resistance could indicate a further rise, while the 0.

830 level is seen as the first support in case of a pullback.

The $164 level is considered a good area for buying, with a possibility of the price returning to $151 depending on market pullback.

The ESR flip zone around $16,510 is where a reaction is expected to occur, based on its historical price behavior.

Additionally, Bitgin is currently offering campaigns for Sparkle and Spark Net, providing opportunities for token rewards and exclusive benefits for new users.

Market Analysis and Trading Strategy Adjustments

The dollar index has regained the $104 support zone, potentially leading to further retracements in assets against the dollar.

The volatility index has risen, reflecting the market's uncertainty, while the S&P 500 has experienced a retracement, leading to a need for a safer trading approach.

The trader plans to take a long position in the S&P 500 and is cautious about the Nasdaq, considering potential price reactions at specific levels.

Additionally, the trader is monitoring gold and silver closely after experiencing multiple stop-losses in recent trades.

The analysis provides potential long positions with a 1% stop for gold and a 3.

The trader has taken a small long position on Brent crude oil, with another order at $80, hoping for a rise.

The emphasis is on minimizing risk during this uncertain period, especially for those operating on margin.