Cryptocurrency and US stocks Weekly Market Update (2/28/2022–3/6/2022)

News about finance and politics

War is bad. Russia has triggered a war to kill people. Evil. SWIFT has prepared to ban several Russian banks based on the European Union's legal instruction. But decisions are still shilly-shallying. Western countries are imposing economic sanctions on Russia. No military operations will be enforced.

News about cryptocurrency

Two new changes should be notified about Osmosis based on the Carbon Upgrade. Osmosis is going to launch superfluid staking and integrate CosmWasm. The new version of Osmosis Lab is expected to launch on February 28, UTC 9:00PM.

Crypto Market Analysis

BTC

37572 8:45 28/2 UTC+8

Last Analysis Review: Good analysis. The current trend was critical. 38000 - 40000 was vital support. 38000 - 40000 has been broken last week.

This Week: The price is consolidating in 36400 - 40000. This is a good signal for recovery. 36400 is another obervable price for the current trend.

Trade Direction: NA

Overall Ranking: 3/7

DJI

34058 8:58 28/2 UTC+8

Last Analysis Review: Good analysis. The consolidation trend was undergone.

This Week: A rebounce has been discovered. A lower bottom has also been discovered. Not a good development for a long position. Still in a dangerous stage.

Trade Direction: NA

Overall Ranking: 2.8/7