21/2/2022 - 27/2/2022 Cryptocurrency and US stocks market updates

Markets Conclusion

Overall, not a good time for a long position in a longer time frame

News about Finance & Politics

Ukraine-Russia military crisis is not solved yet. Investors are freaking out.

News about cryptocurrency

Bandai Namco has announced its strategy to invest in IP metaverse. It is a piece of good news to the GameFi industry.

Scammers are selling bots in Telegram. The bots aim to trick investors to divulge their authorization of two-factor verification. There are victims already. One of the victims is a Coinbase customer. It is not guaranteed safety to store your asset in a Coinbase account unless customers can protect the password and verification.

Market Analysis

BTC

Last Analysis Review: The overall analysis direction was correct in the last week. I have adjusted the support level from 38000 - 40000 to 4000 - 44500. This move was wrong. It turned out the buy momentum was not strong enough. The correct analysis mindset was to include the trade volume into consideration before adjusting the support level.

This Week’s Analysis: Sell pressure is releasing. The current trend will decide the future trend. 40000 as a support price is a very critical price.

Trade Direction: Opening a short position can be considered at an advantageous price.

Overall Ranking: 3.2/7

DJI

Last Analysis Review: Do not have any mistakes discovered. Correct.

This Week's Analysis: Retain last week's analysis. Nothing to add. The consolidation trend is still developing. A conservative way is to observe until a clear direction appears.

Trade Direction: Opening a short position can be considered at an advantageous price.

Overall Ranking: 2.7/7