Blockchain & US stocks (Weekly Market Update ) 31-1-2022 - 6-2-2022

KMonvest
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IPFS

News

News about the financial markets and politics

Jerome Powell indicates that the interest rate is going to be raised in March to temper economic growth and cool off inflation.

The border tension between Russia and Ukraine does not have any signs of subsiding.

US Stocks

Google Lab has set up a new unit about blockchain technology.

Blockchain

Fantom's TLV of DeFi protocols of different projects has surpassed BNB.

The network of Solana is congested and suspended again. This is the sixth time of the outage.

Market Analysis Blockchain

BTC

Price: 37730 (22:27 30/1/2022 UTC+8)

Last Analysis Review: Though the overall trend is a downtrend, a re-bounce is identified.

This Week’s analysis: Retain last week's analysis. A downtrend will continue. No signs are discovered for the stop of the downtrend. It will be terrible if BTC cannot stand on or above 32000-28800 firmly. Investors should monitor the current trend.

Overall Ranking: 2.6/7

AVAX

Price: 69.8 (23:43 30/1/2022 UTC+8)

Last Analysis Review: Though the overall trend is a downtrend, a re-bounce is identified.

This Week’s analysis: $69 should be a turning price for the current trend. If the re-bounce can stand firm at $69 or above, it will be a positive sign for the current trend.

Overall Ranking: 3.075/7

Market Analysis US Stocks

DJI


Price: 34725 (00:24 31/1/2022 UTC+8)

Last Analysis Review: No mistakes.

This Week’s analysis: Retain the last analysis. 34000 - 33310 is a critical level. If the price breaks the level, a slump will come.

Trade Direction: Experienced investors may consider opening a short position at an advantageous entry price.

Overall Ranking: 1.5/7


US500

Price:4427 (00:29 31/1/2022 UTC+8)

Last Analysis Review: No mention

This Week’s analysis: Need to prepare for the worst case.

Overall Ranking: 1.5/7


Nasdaq

Price: 13770 (00:32 31/1/2022 UTC+8)

Last Analysis Review: No mention

This Week’s analysis: Need to prepare for the worst case.

Overall Ranking: 1.5/7


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