Yesterday, there was a sell-off across all markets. Nasdaq, Bitcoin, gold, and silver dropped sharply. The market shifted to cash. We saw similar movements during the COVID crisis.

Yesterday, the US employment data was released.
The expectation was 85,000 new jobs, but it was announced as 172,000. It was many times higher than expected.
The unemployment rate remained steady at 4.3%. So, the US economy is still strong.
As a result, expectations for a Fed rate cut weakened, and even rate hikes are being discussed.
Bond yields increased, the dollar strengthened, and risky assets were sold. Technology stocks and cryptocurrencies were the most affected.
Meanwhile, the fear index VIX jumped 39% in one day. Such a large spike is rarely seen in history.
In past examples, markets mostly recovered within a month after these types of periods, but it could also be a sign of a major crisis like in 2007.
There will be a Fed meeting in 11 days.
Markets do not expect a major rate change, but Fed messages are very critical.
There are also upcoming large IPOs, and funds may sell assets to allocate resources.
In summary: a strong economy, rate uncertainty, rising VIX, and IPOs are all being priced into the market simultaneously.
Volatility may remain high in the coming days.
We follow technical levels instead of trying to predict news.
#Piyasalar #Fed #Bitcoin