BTCUSD

We think that Bitcoin has entered a period of stagnation for a while. We expect this stagnation to continue until mid-February. After seeing 48 thousand with ETF pricing, a correction of 40 thousand occurred. According to the chart, a second wave movement should come to the level of 38 thousand. We expect this to be not open-ended, but until mid-February in terms of time. If it does not reach the level of 38000 by this time, our expectation will be completely canceled and we will return to long. The first meeting of the FED (January 31) will be held during this process. There is a tension pricing after the last inflation data of the markets. Expectations have emerged depending on the interest rate cut taking place by investors. We think that it will prevent the Bitcoin side from moving upwards as it starts to take safe positions. Support: 38000 Resistance: 44000