Bitcoin lost a 2,5% value during morning hours and is priced around $41.366. Bloomberg's chief commodity strategist Mike McGlone has long argued that Bitcoin is on its way to becoming a “global digital guarantee”. Increased oil prices caused by the Russia-Ukraine conflict will accelerate the process, he said in a tweet today.

When we consider the BTC/USDT pair technically, there was a surging Bitcoin yesterday supported by the positive news flow. But then Fed statements shadowed the rise and triggered pullbacks. There is no major change in BTC, which had tested $44.700-45.000 four times and could not break it upwards. It is necessary to find support for the continuity of the trend in BTC, which is priced in the $40,500-41,000 range, which we mentioned in the daily newsletter yesterday. If the 39.000-40.500 support zone is lost downwards, a retracement towards $36.500 might follow.

Ethereum lost a 3,75% value during morning hours and is priced around $2727. It’s the final countdown in ethereum Proof of Stake (PoS) development as preparations are undertaken to launch the last public testnet before the merge. “We want the clay testing network to be the last public testing network,” says Parit Hosh, who identifies himself as the Validator Whisperer at the Ethereum Foundation. "If all customer teams are ready next week, we want to start Kiln with full v2 capability."

When we consider the ETH/USDT pair technically, ETH, which had retreated to $2300, ignited a spike above $3000 with the rapid recovery of BTC. ETH could not sustain above its short-term uptrend as of today, so plunged to $2700. At the same time, ETH broke the 50MA level downwards. It seems to have a short-term rise to the 50MA, but if it does not hold onto it, the fall scenario comes true.

AVAX lost a 1,20% value during morning hours and is priced around $77,91. When we consider the AVAX/USDT pair technically, AVAX has faced rejections from the major downtrend and a bearish engulfing candle formed as of the daily close. The fall sustained for AVAX, which closed the day below the 50MA level. AVAX, which retreated to the lower band of the blue zone this morning, has found short-term support. We expect the drop to deepen if we can't go over $80 per day

Ripple lost a 1,30% value during morning hours and the current price is $0,7429. When we consider the XRP/USDT pair technically, XRP could hold above the support level at $0,7121 despite the market crash of last week. But it could not break the short-term descending trend. If the level of $0.7920 is broken to upside, the level of $0.9587 (200MA) can be targeted.

LTC lost a 4,50% value during morning hours and is priced around $106,96. When we consider the LTC/USDT pair technically, with the positive trend throughout the market, LTC, which had broken the resistances at both $104.9 and $ 113.1 upwards, broke them again downwards after the Fed statements. At the same time, the price movement is still below the major descending trend. If the $121 level, which corresponds to the descending trend and its 50MA, is broken to upside, there may be a rise towards the $145 level. When retreating, the short-term support level is $104.9.

LINK lost a 4,20% value during morning hours and is priced around $14.28. When we consider the LINK/USDT pair technically, LINK has price action inside the horizontal channel as of May 26 and ignited a spike with the positive divergence RSI in the daily chart. So LINK broke the descending trend, testing four times before. But it faced rejection from the short-term resistance level marked in red, having price action towards the lower line. If the retracement continues throughout the market, the reversal signals to be received close to the channel lower line should be monitored.

BAT lost a 4,40% value during morning hours, and is priced around $0,68. When we consider the BAT/USDT pair technically, BAT continues price action below the downtrend on November 28. BAT retested the trend this morning. Facing rejection from this zone, BAT continues its price movement towards the support zone marked in blue. As long as this zone is not lost downward in the daily chart, we do not expect a major plunge.