14/2/2022 - 20/2/2022 Cryptocurrency and US stocks market updates

News

Global politics and finance

Russia can invade Ukraine anytime with its troop surrounding the border

of Ukraine. Apart from the 3000 soldiers, an additional 3000 soldiers have been deployed from North Carolina to Poland.

(Keep safe my friends. We, the ordinary, are simple, please ensure peace and security of our lives).

The inflation rate of the US has reached 7.5% in January 2022 which is

the highest since February 1982. Inflation benefits the conglomerates a

lot because of market monopoly. The rise of the inflation rate is

expected to speed up a series of interest-rate increases from the Fed in

March.

Market Update

CryptoCurrency and US stocks 

BTC

Price: 42060 (08:09 UTC+8)

Last Analysis Review: I stated that the price should not fall below the level of 38000 - 40000 to test whether the reversal structure is strong or weak.

This Week’s analysis: Retain last week's analysis. I will make a change to the price level to around 40000 - 44500 because of the current momentum which is not bad. The trade volume is reducing in the last week. It reflects that the investors are not bold to make big selling or buying actions yet.

Trade Direction: NA

Overall Ranking: 3.46/7

DJI

Price: 34738 (08:30 UTC+8)

Last Analysis Review: The current trend was very dangerous. A lump would come when the price level was broken.

This Week’s analysis: Retain last week's analysis. DJI is running a consolidation trend. At the moment, the trend is quite weak. In a weak trend, the critical price level is 34000 - 33310.

Overall Ranking: 2.75/7