Bitcoin is pricing horizontally around $40,000 this morning. The news that BTC, which reacted to the level of $42,300 yesterday, requested that a transfer of $10,000 or more to cryptocurrency exchanges in the US be notified to the tax office. After the BTCs withdrew from the stock exchanges, the market started to show that there might be a return. The BTC reserve/Stablecoin reserve indicator dropped to an 8-month low. While this indicates that the number of BTCs to be sold is decreasing, the increase in the amount of stablecoin entering the stock markets indicates that the market will grow. The decline following the allegations in 4Chan also confirms that the movements in BTC are massive manipulation.

When we consider BTC/USDT technically, we expect the graphs to recover besides prices. After a good settlement of the $20,000-3,000 Fibo retracement levels in 2018 during the weekly period, it has been pushing us to lean towards these levels since yesterday. If it makes the weekly bar crossing above $42,300, we can see further upward impulses in BTC. During the day, the $38,100 and $35,000 levels will be in major support. There is a reaction, but there is no particular trend.

Ethereum, is pricing at $2,735 this morning, down 1%. When we examine the chain data, we see that after the funding rate declined to the negative zone on May 19, the funding rates approached again towards the 0 level.This data may show us that investors are slowly moving away from panic sales and their selling tendencies are decreasing. At the same time, we see that the number of active addresses is starting to increase again, which may show us that the investor's interest is turning back to Ethereum.

When we consider ETH/USDT technically, we see that it has broken the rising trend line downwards since the beginning of 2021. However, ETH, which continues to move in price within its rising channel, recently tested the mid-band of the channel. As Ethereum continues to move towards the upper band of the channel, which is trying to recover after the decline, it is important that it first breaks the resistance in the $2,900-3,100 band, and if it breaks this resistance, it means a price increase of approximately 15-20% for ETH, which we expect to test the upper band of the channel. If the price fails to break the resistance in the $2,900-3,100 band, we expect the $2,400-2,500 band to be the support level in its downward movement.

AVAX, which decreased by 2% in the morning hours, is priced at $24.00. The CryptoRefills and Avalanche deal, which allows the purchase of mobile credits, gift cards, e-gifts and coupons with cryptocurrencies, was a positive development for AVAX, which fell below $20.00 with the general decline in the market, and the price was tested at $28 levels after the partnership news.

When we consider the AVAX/USDT parity technically, we see that the oscillators have started to give a return signal for AVAX, which we see that it continues to move horizontally. In case of an upward break of the $27-29 band for AVAX, where we see the $23 levels as support, the price movement may accelerate towards the $35 levels. If the price breaks below the support point located at the $23 levels, we expect the price to move towards the $19 band, which is the starting level of Fibonacci, and find support from that point.

Ripple, which dropped 4% in the morning hours, is priced at $1.13. Ripple's request was rejected by Judge Netburn in the recent developments in the lawsuit, but we did not observe a big impact on the price. The reason for this was that the SEC could not get the support it wanted from international regulators for cooperation. Today, we will be following the phone conference in the evening at Turkish time, where disputes between Ripple and SEC over documents will be discussed. We anticipate that if decisions are made in favor of Ripple as a result of this public teleconference, it will have a positive effect on the price.

When we consider the XRP/USDT parity technically, we see that the price continues to move on the 7-day DEMA and 14-day DEMA in the XRP/USDT parity, which continues to move above the 127.20% slice of the Fibonacci retracement level. If the price moves upwards, the first resistance point will be $1.20, which corresponds to the 100% slice of the Fibonacci retracement. If this resistance can be broken, 30-day DEMA can be tested. In case of persistence above the $1.20 levels, we expect the price to continue to move towards the $1.25-1.30 band. In case the price moves down with a possible negative development, the first support point will be the $1.05-1.07 band.

Litecoin, which we see that it drops by 5% in the morning hours, is priced at $29.00. When we look at the latest state of Grayscale's investments, we see that despite the decrease experienced in the current week, 17427 LINK purchases were made in the last week and only 13 LINKs were sold in the last 24 hours. The lack of sales despite heavy purchases shows that the trust of institutional investors in LINK continues. We consider the long-term outlook to be positive.

When we consider the LINK/USDT parity technically, we see that LINK, which has been moving in the rising trend since April 2020, continues its movement on this trend despite the general decrease in the market. The first support point for LINK/USDT falling below the $30 level will be the $26 levels, which corresponds to the 127.20% tranche of the Fibonacci retracement level. If this level breaks down, we expect it to continue its movement towards the 21-24 $band. In case of an upward break of the $30 level, we expect the price movement to accelerate towards the $37 band, which corresponds to the Fibo'161.80 level.

LINK, which we see that it drops by 5% in the morning hours, is priced at $29.00. When we look at the latest state of Grayscale's investments, we see that despite the decrease experienced in the current week, 17427 LINK purchases were made in the last week and only 13 LINKs were sold in the last 24 hours. The lack of sales despite heavy purchases shows that the trust of institutional investors in LINK continues. We consider the long-term outlook to be positive.

When we consider the LINK/USDT parity technically, we see that LINK, which has been moving in the rising trend since April 2020, continues its movement on this trend despite the general decrease in the market. The first support point for LINK/USDT falling below the $30 level will be the $26 levels, which corresponds to the 127.20% tranche of the Fibonacci retracement level. If this level breaks down, we expect it to continue its movement towards the 21-24 $band. In case of an upward break of the $30 level, we expect the price movement to accelerate towards the $37 band, which corresponds to the Fibo'161.80 level.

Basic Attention Token, which rose 1% in the morning hours, is trading at $0.88. With the decline in the market, we saw that BAT decreased to $0.50 levels, but this morning, we see that BAT diverges positively compared to the market in general. When we examine the Basic Attention Token chain data, we see that the increase in the number of new addresses and active addresses continues, in other words, investors' interest in BAT continues. These show that the balances in both new investors and accounts have increased.

When we consider the BAT/USDT parity technically, we see that BAT, which continues the price movement in the descending channel, tested the lower band of the channel after testing the 0.889 level, which corresponds to the Fibo'61.80 correction level, but could not provide permanence, and this level is a resistance point. We anticipate that if this resistance point is broken, the channel mid-band may create a resistance and if it holds above this point, the BAT/USDT parity can retest the $1.00 levels. If the price fails to break the resistance at the Fibo'61.80 retracement level, we expect the price to continue its movement towards the $0.66-0.70 band, which corresponds to the Fibo'78.60 retracement levels.