Weekly Market Analysis (24/1/2022–30/1/2022): Crypto Currencies, US stocks

News about the financial markets and politics:

10 Year Treasury Rate of US government-issued treasury security rose to 1.87%, meanwhile, the US stocks market in the last week was very unstable. It seems that the investors were negative about the financial and economic situation.

The tension between Ukraine and Russia is still tight. War can be triggered anytime.

The oil price has climbed for 5th week because of concerns over tightening supply.

News about cryptocurrencies:

Vitalik thinks that the bridge of inter-chain has security risks.

News about Avalanche and Cosmos:

Sunny Aggarwal is attempting to make Osmosis Lab MetaMask compatible and Ethereum assets compatible, including allowing for MetaMask signatures. Realizing cross-ecosystem trades are up-coming.

Market Analysis (Cryptocurrency):

BTC

Price: 35800 (21:42 UTC+8)

Last Analysis Review: Correct

This Week’s Analysis: keep the previous analysis. The downtrend is ongoing, whereas, the downtrend momentum is weaker than the previous weeks. The percentage of the latest drop is appx. 16.5% though. 33950 is the current support.

Overall Ranking (Long Side): 2.25/7

AXAV

Price: 64.7 (21:58 UTC+8)

Last Analysis Review: I did not mention it.

This Week’s Analysis: A massive downward channel is discovered. A high risk trend is undergoing. Investors should be cautious.

Overall Ranking (Long Side): 2.25/7

Market Analysis ( US Stocks):

DJI

Price: 34265 (22:07 UTC+8)

Last Analysis Review: I did not mention it.

This Week’s Analysis: The current trend is highly volatile at the top. It is a very bad trend. Investors should be cautious.

Overall Ranking (Long Side): 2.37/7