Technical Analysis:
In the short term, Bitcoin is bullish .
1. Bitcoin rising above a prolonged consolidation to higher price level $47,000 early Monday, a confirmation of a break out to more bullish rally.
2. On the daily chart , 50 SMA pending bullish cross over 100 SMA will further confirm bitcoin bullish sentiment.

Fundamental Analysis:
The following fundamentals will affect market condition on the long term.
1. Fed interest rate hike of 25bp.
2. Fed planned yearly $1 trillion QT (In the effort to reduce Fed balance sheet from $9 trillion to $6 trillion in 3 years).
3. Russia – Ukraine war.