Technical analysis by IlLancelotHere about Symbol BTC on 8/6/2022

Good day friends. A market that is bleeding during the long bear season and the process of taking back the rations distributed in the Bosphorus is still ongoing. First of all, the trust that was shaken by the Luna disaster will not be restored easily, instead it is starting to continue with new scandals, this time they chose a coin that has just stepped into the top 10, there are whales who will want a depression atmosphere again. Let's be careful, the bull confirmation in Bitcoin will only come when it exceeds the 47k resistance, we have a bear threat in all increases up to that level. Our first positive signal since April on the weekly MACD is about to come, especially closing this week above 24600 will increase the momentum and a short-term spring period will come, but the official end of the bear season will be possible when it exceeds the 47k resistance. Based on the EMAs, the slow mood on the daily is about to turn positive and we are above the 5-20 day averages both daily and weekly, which strengthens the momentum. I think the possible bottom will be the area we marked 3-4 weeks ago, the market may throw its lowest needle to 15800 for scare purposes. We are following ° Does not contain investment advice. Let's not forget the FED interest rate decision in September, my friends, the expectation is 0.50 basis points, the market is currently shaping itself according to this expectation. The FED will update its interest rate status according to this month's inflation data. We expect the season to end in December or January at the latest. The inflation data in the US came below expectations. If there is no surprise at the FED meeting in September, it will be in December at the latest. I think the bear season will end, the market has started to react positively. We are following