On the first day of the week and the last day of the month, Bitcoin prices are trading at $34,800 levels, 2 percent down in the morning. While restrictions on miners continue in China, the report was requested by bureaucrats in the country's second largest Bitcoin producing zone, Inner Mongolia. While the market read this situation negatively, the Senate in the US called on Yellen to take action to protect investors. No significant change in recovery was seen in the chain data. Active and new addresses, wallet balances all seem weak. Risk premiums also show that the market is still weaker than it should be.

When we consider the BTC/USDT parity technically, the level of 42 thousand could not be tested last week due to news-based developments. Thus, a weak zone was formed in the pricing that fell below $40,000. There is an image that is not strong due to the lack of approval of the volume. If the monthly closing is over 48 thousand, it would not create an "evening star" formation, but with the decreasing volume, the return pattern is formed clearly in the monthly situation. For this reason, while short-term buy and sell transactions continue, there will be a role changing zone in 38 thousand days in the rises. Weakness may continue beyond this point.

Ethereum continued the bullish trend in the Asian session on the market this morning and fell to $2275 after the incoming sell-off. While the amount of ETH decreases in Grayscale funds, which are mostly created by institutions, there is no significant situation in active and new address changes. In contrast, interest continues to rise for 2.0 staking as the price drops. ETH's price drops in this direction are also met with interest among investors and are used for long-term locking.

Technically speaking, ETH/USDT has retested the old minor descending trend and a new minor trend has formed. For this reason, the $2465 level, which coincides with the Fibo'38.2 slice, will be important in ETH which cannot raise its head. For now, we are in the $2240-2465 range, which is a narrow band. We maintain our short-term trading strategy.

AVAX is priced around $16 this morning, down about 1.5 percent. When we examine the AVAX/USDT parity technically, AVAX, which tested the short-term falling trend 6 times in a 1-hour period, reached the overbought zone of the stochastic and gave a buy signal. Testing its downtrend again with the support it found at 15.5 - $16, AVAX, if it can break this trend, its first short-term target is Fibo'23.60 at $19.58. If the downtrend cannot be broken to the upside, the nearest level of support for AVAX is at the May 23 low of $12. AVAX, whose short-term direction is uncertain, maintains its discount compared to other alternatives in the medium and long-term. In this respect, we think that AVAX is still in the period of accumulation.

XRP, which we see rising by 2.64 percent in the morning hours, is priced at $0.92. There were positive developments for Ripple over the weekend in its ongoing lawsuit with the SEC. Judge Sarah Netburn denied the SEC's request to access the legal advice Ripple sought or received. This decision showed that Ripple's legal reporting defense was strong. Still, the SEC's over-ordering of its requests was seen as pressure and had a downside effect on XRP pricing. Due to these requests of the SEC, the deadline for mutual responses, July 2, can be stretched.

When we look at the XRP/USDT pair technically, we see that the market diverges positively according to the majority of the market and the weekly DEMA in the $0.86-0.87 band cuts the two-week DEMA up. The outlook for XRP is positive, although the Parabolic SAR is still giving a sell signal. The $0.889 levels, which coincides with the Fibo’161.80 correction, are an important support and around 10% of the price action can be taken advantage of with a short-term buy and sell strategy between these levels and the $0.99-1.00 band.

LTC is priced at $165 this morning, down about 3 percent. When we look at the chain data, the MVRV Z-Score value decreased to the level of 0.47 and the reserve risk metric was withdrawn to the level of 0.00209. Looking at these metrics, LTC's price appears to be at a discounted level for long-term buying when compared to its fair price. However, as long as the flagship BTC can't lift its head, it is not easy for LTC to stand out.

When we consider the LTC/USDT technically, although it started to rise with the reactions it received from the bottom level it saw on May 23 yesterday, the increase has lost its momentum. It is priced just below the $167.5 level, which corresponds to the 38.20 percent slice of the Fibonacci retracement from the May 23 low to the May 27 high. Looking at the 4-hour period, LTC, which tested the $182 level, which coincides with the Bollinger's middle band and the downtrend yesterday, experienced a pullback with the reaction from this level. Although the downward trend in the momentum has been broken up, LTC is expected to pull back towards $156, which is the Bollinger lower band and Fibo'50 slice, with no acceleration in its movement. If the downtrend is retested and broken, a move towards $200 is expected where the second downtrend is located.

LINK is priced at $26.5 this morning, down about 1 percent. When we look at the chain data for LINK, which recovered faster than the market after the bottom level on May 23, although there is an increase in the number of addresses with a balance greater than zero, the decrease in the number of new and active addresses continues. The stagnation prevailing throughout the market also applies to LINK. On the other hand, the only positive altcoin in Grayscale's weekly cumulative purchases is LINK. It plays an important role in the preference ranking in terms of being a strong project.

When we consider LINK/USDT technically in a 4-hour period, we see that trendlessness prevails in price action. LINK, which creates a new short-term downtrend, is priced just below this trend. With the resistance seen in the Fibo'23.60 slice, which was at $34.45 on May 27, the downside price action dominated the parity, and it declined below the Fibo'38.2 slice. We see that the 1-hour stochastic has turned its direction up, giving a buy signal in the oversold zone. If the downtrend is broken with this short-term momentum, moves towards the $30 level, where the next downtrend is located, can be seen. If market-wide negative conditions continue this week, the support zone at $21.4, which is the Fibo'50 slice, could be tested.

XRP, which we see rising by 2.64 percent in the morning hours, is priced at $0.92. There were positive developments for Ripple over the weekend in its ongoing lawsuit with the SEC. Judge Sarah Netburn denied the SEC's request to access the legal advice Ripple sought or received. This decision showed that Ripple's legal reporting defense was strong. Still, the SEC's over-ordering of its requests was seen as pressure and had a downside effect on XRP pricing. Due to these requests of the SEC, the deadline for mutual responses, July 2, can be stretched.

When we look at the XRP/USDT pair technically, we see that the market diverges positively according to the majority of the market and the weekly DEMA in the $0.86-0.87 band cuts the two-week DEMA up. The outlook for XRP is positive, although the Parabolic SAR is still giving a sell signal. The $0.889 levels, which coincides with the Fibo’161.80 correction, are an important support and around 10% of the price action can be taken advantage of with a short-term buy and sell strategy between these levels and the $0.99-1.00 band.