Bitcoin gained a 5,11% value during morning hours, and is priced around $31.488.When we consider the BTC/USDT pair technically, BTC has lost the uptrend that has existed since December 2020 and broke it downwards again. Negative metric signals persist on the daily chart. As we stated in the daily bulletin last Friday, although we see that the downward movement continues at the weekend, we cannot talk about a clear reversal signal although there is some recovery on 1-hour and 4-hour metrics in BTC.

Ethereum gained a 6,86% value during morning hours and is priced around $2378. When we consider the ETH/USDT parity technically, there is an upward trend in ETH, which plunged to the previous dip level at $2200 dollars with the sharp drop yesterday. The support zone at $2480- $2515 was broken downwards yesterday, does not yet have a clear reverasal signal, but has a look that will support the relief rise in short-term metrics. The first level of resistance for a relief rise is read as $2500.

We see that the sales pressure experienced in parallel with the risky assets across the global markets on the first trading day of the week has been replaced by the effort to find support on the second trading day of the week. AVAX gained a 13,46% value during morning hours and is priced around $45.59. When we consider the AVAX/USDT parity technically, we see that $52.94 marked in yellow on the graph has come to the fore as resistance this time. A positive RSI divergence on a day-to-day basis suggests that reaction to AVAX may continue, but inflation data released by the US on Wednesday will be important for all risky asset pricing.

Ripple gained a 10% value during morning hours and is priced around $0.5188. When we consider the XRP/USDT pair technically, it appears to have plunged to the strong support level (existed as of June 2021) marked in yellow on the graph. As we stated in the daily newsletter yesterday, the strong support zone marked in yellow was also lost downwards in XRP/USDT, which we have not yet seen a reversal signal. XRP, which started the day positive this morning, rises towards the new resistance zone, and former support zone. Since we do not receive a clear reversal signal, the rise might be limited.

LTC lost a 8,75% value during morning hours and is priced around $81.5. When we consider the LTC/USDT pair technically, LTC plunged to $94.4, the vital support level. And it lost this level yesterday. Although almost all metrics on the daily chart show that they are located in the oversold zone, it is also useful to follow the price movements in BTC, ETH and LTC, which has not yet received a reversal signal.

LINK gained a 11% value during morning hours and is priced around $8.81. When we consider the LTC/USDT pair technically, there is no major change in the outlook. When we consider the LINK/USDT pair technically, this horizontal channel (which exists for about 1 year) has recently been lost downwards in the parity. When we check the daily and short-term metrics for LINK, which we see as the drop continues to accelerate with this breakout, it does not receive any reversal signals. Negatively diverging across the market, LINK continued to decline to its next strong support level of $8.50. We don't expect this morning's rise to be permanent at LINK, where we haven't seen a clear reversal signal yet.

BAT gained a 11,28% value during morning hours, and is priced around $0.4811. When we consider the BAT/USDT pair technically, we see that the momentum continues its downward direction in BAT/USDT, which lost its support as of September 29, last week. No reversal signal has yet been received at BATUSDT, which has withdrawn to the next major support level of $0.45 in line with our expectations.