While the recession pricing continues in the markets, the effort to find support at the level of 28,500 in BTC continues. Despite the selling pressure in risky assets in global markets, we saw that the selling pressure spread after the rise in the VIX in the middle of the day despite the reaction purchases in the morning hours of the past day in crypto assets. The fact that the amount of money parked in the Fed's overnight reverse repo market reached a record $2045 trillion shows that investors' risk perception is low and the search for direction continues.

Today, we see that Bitcoin, which has gained 1.55% as of the morning hours, is priced at $ 30,114. The critical support for BTC/USDT appears to be the 28,600 level. This level is the lower band of the 50-week rectangular formation. As can be seen on the chart, it is very important that this level is not lost in the weekly candles. Breaking above the $30,700 levels on the daily chart will break the tightened rectangular pattern to the upside.

As of the morning hours, we see that the 8-day average has been tested in ETH, where we see the effort to find support above $ 2000 again. Further tightening messages from Fed members are limiting the recovery in risky assets.

Today, we see that the ETH/USDT pair, which has gained 1.34% as of the morning hours, is priced in at 2006 USD. Technically, we can say that it has found support from the lower band of the 50-week rectangular formation, the 1750-1800 levels. We will be following the upward break of the rectangular pattern seen on the 4-hour chart.

AVAX, which gained 0.21% as of the morning hours, is priced at $ 29.13. When we look at the 4-hour chart, there is a rectangular formation at the bottom after the decline. If the $32 level, which is the resistance of the formation, breaks, the next target seems to be around $35.

XRP, which gained 0.41% as of the morning hours, is priced at $ 0.4104. When we examine the XRP/USDT pair in technical terms, we see that the rising trend level starting from March 15, 2020 has been tested. We can say that the 0.42 USD levels shown by this upward trend are maintained on the weekly chart, so the major upward trend is still continuing. When we look at the 4-hour chart, the symmetrical triangle formation stands out. The recovery of risk appetite on the global side will trigger an upward break in this pattern.

LTC is pricing in at $70.7, up 0.71% as of the morning hours. When you look at the 4-hour chart, after the decline, we will be following the rising channel at the bottom.

LINK, which gained 0.41% as of the morning hours, is priced at $ 7.27. When we examine the LINK/USDT pair in technical terms, there is a return from the rising channel bottom seen on the 4-hour chart, we have seen the mid-channel level of 7.35 that we mentioned yesterday, and if the movement continues, 7.75 levels can be seen.

BAT is priced at $0.3902, down 1.27% as of morning hours. For those looking for intraday trading, there is a small TOBO-like formation on the 1-hour chart. If the 0.3982 level is broken, 0.42 levels can be targeted.