Bitcoin gained a 1,00% value during morning hours; the current price is $59.088. The President of El Salvador announced that they turned the fall into an advantage, bought the dip, and had 420 BTC. Now El Salvador now owns 1120 Bitcoins. Reports are emerging that the US Securities and Exchange Commission has rejected one or possibly two recent Bitcoin exchange-traded fund applications, indicating that the regulator is not yet fully prepared for further futures products.

When we consider the BTC/USDT pair technically, Bitcoin, which continues to move within the ascending channel that exists as of July 20, experienced sharp retracements yesterday along with high liquidation throughout the market. After the sales through the market, BTC broke the $60.200 level (Fibo'78,60) upwards and approved the head and shoulders formation in the 4-hour chart. It can retreat to $55.000. It is worth following the 7- and 14-day DEMA intersections for the reversal signal.

Ethereum gained a 2,10% value during morning hours, and the current price is $3998. After hitting an all-time high a week ago, Ethereum dropped below $4,000 by a sharp correction. According to an analytics firm, the dollar value of liquidated positions in the crypto markets has exceeded $930 million in the last 24 hours. ETH futures contracts make up a large part of the liquidation amount.

When we consider the ETH/USDT pair technically, ETH, which wiped out its intraday gains yesterday, experienced a sharp pullback along with the prevailing sales across the market and the liquidations following the sales. ETH closed the day below the trend as of October 11, breaking it downward. Although there is relief across the market this morning, we are not receiving signals that the retracements have ended yet. ETH may continue to retreat towards the $3750-3800 levels.

AVAX gained a 0,60% value during morning hours, and the current price is $62,36. When we consider the AVAX/USDT pair technically, AVAX, which has been continuing its price movement within the ascending channel that has existed since August 18, closed the day  just above the $61.42 level, which coincides with its 50-MA and the channel sub-band, along with the sharp pullbacks yesterday. AVAX should not be closed below the lower band of the channel, otherwise, AVAX may retreat deeper.

Ripple gained a 0,45% value during morning hours, and the current price is $1,000. When we consider the XRP/USDT pair technically, XRP, which faced resistance of the downtrend that existed as of October 10 yesterday, broke both its 50-MA and 200-MA downward along with the sharp sales. In the daily chart, the MACD continues to give sell signal. We expect XRP to rise towards 200-MA (Fibo'61,80) along with the support at $0,9623.

LTC gained a 2,1% value during morning hours, and the current price is $182,1. When we consider the LTC/USDT pair technically, it broke its short-term uptrend and the 200-MA ($187.3) downward by the recent price movement. LTC closed the day above 50-MA, finding support at $170,9 (Fibo'61,80). MACD has been giving a sell signal since yesterday. 50-MA should be closely monitored when retreating. It may retreat deeper if it closes the day below the mentioned levels.

LINK gained a 2,50% value during morning hours, and the current price is $29,83. When we consider the LINK/USDT pair technically, LINK, which had pullbacks together with the market yesterday, found support at $27,40 (200-MA). LINK is priced at $Fibo'78,60 zone, after the rise of this morning. In our opinion, if it closes the day above this zone, the rise can start again. When retreating, 200-MA should be followed.

BAT gained a 0,75% value during morning hours, and the current price is $0,6424. When we consider the BAT/USDT pair technically, the BAT, which recently closed daily above its 50-MA, could not break its downward trend in an upward direction. Although it tested its trend again yesterday, there were sharp pullbacks due to the resistance and the sales pressure experienced throughout the market. BAT broke the minor uptrend and Fibo'50 upwards. We expect BAT to retreat towards the $0.616 (Fibo'38.20) level.