Cryptocurrencies, US Stocks Weekly Market Analysis 3/1/2022 - 9/1/2022

News about the market

Cryptocurrency:
Baidu has reached a partnership with Nvidia to develop an AI metaverse.
Baidu has its own metaverse platform Xi Rang which is in an early stage.
Blockchain development in Southeast Asia countries (Indonesia, Singapore, Philippines, Taiwan, Thailand, Vietnam) is robust. Play-to-earn (P2E) games are banned in South Korea.

US Stocks:
Baidu has reached a partnership with Nvidia to develop AI metaverse, artificial intelligence, autonomous car, and cloud computing.

HK and Mainland Stocks:
Banks in mainland China are facing a lack of demand for credit. The reasons include companies having money in their hands, uncertainties to future business outcomes, and the vicious financial situation of some companies.

Global:
About 100,000 Ukrainian reservists have been being trained to defend their cities in the fears of Russian attacks.

Cryptocurrencies Market Analysis

Bitcoin
Last Analysis Review: Correct.
This Week’s Analysis: Remain last weeks’ analyses. If BTC goes up to 50000 firmly, it should be considered a good recovery trend. BTC is now at the consolidation stage and still fluctuating in a narrow range. It is lacking momentum. So the target of 50000 is relatively hard to reach.
Trade Direction: NA
Ranking (Long Side): 3.625/7

ETH
Last Analysis Review: I did not mention it.
This Week’s Analysis: It is going down at a steady speed. The trading volume is dropping. A downtrend wedge is discovered. 4000 becomes a critical resistance.
Trade Direction: NA
Ranking (Long Side): 3.125/7

BlueSparrow Token
Last Analysis Review: I did not mention it.
This Week’s Analysis: The concept of this token is a lucky draw. Interesting. It has gone up a lot this week. But the sustainability of the uptrend is doubtful. I cannot find a white paper and founders' information on the website. It is quite suspicious.
Trade Direction: NA
Ranking (Long Side): 2/7

US Stocks Market Analysis

Roundhill Ball Metaverse ETF
Last Analysis Review: I did not mention it.
This Week’s Analysis: Though bottom is discovered, its trend is very volatile. Volatility poses a psychological burden to investors. I cannot figure out the trend for this target.
Trade Direction: NA
Ranking (Long Side): 3.5/7

Nvidia
Last Analysis Review: I did not mention it.
This Week’s Analysis: A downtrend is discovered
Trade Direction: Short is advantageous in a downtrend.
Overall Ranking (Long Side): 2.7/7