-------------------------------------------------------------------------------------

Announcement: I add new section on the Bitcoin Technical Analysis for its risk forecast.

Risk Averse means you can use Bitcoin as defense 🛡️

Risk Seeking means you can use Bitcoin as offense ⚔️

Risk Neutral means no decision made and continue seeking opportunities 👁️

-------------------------------------------------------------------------------------

Technical Analysis

Let's take a look at some key metrics.

It opens at $31K and goes up to around $34K and stable around $32K ~ $33K. The average transaction fee is $7.2 which is 4.13% decrease from 01-24-21.

As I mentioned yesterday, Bitcoin price is side-way trading but fairly stable.

Crypto Fear & Greed Index

I remain my floor price to $30K indicates the strong support and remain the ceiling price at $36K.

Bitcoin Risk Forecast:

Bitcoin reduces its correlation with S&P indicates that it becomes a defense position 🛡️. The price may fluctuate more in the coming day with price toward lower level. However, it was relatively stable.

Here is the summary below:

Bitcoin Value =  $30k ~ $36k and my position is Long.

Weekly Bitcoin Performance:

A mentioned yesterday, the price action is downward trend but I see the upward trend is coming in week.

Most Bullish News 📈

Big corporation continues buying Bitcoin

It indicates that Bitcoin continue shortage and further legitimized in the future.

Most Bearish News 📉

Bitcoin momentum slows down

It indicates that Bitcoin price correction is coming.

Here are summary of general forecast of this week of economy and market:

Thanks for reading and see you tomorrow!

-------------------------------------------------------------------------------------

You can reference my previous Bitcoin analysis here:

Bitcoin Technical Analysis 01-07-21📈

Bitcoin Technical Analysis 01-08-21📈

Bitcoin Technical Analysis 01-09-21📉

Bitcoin Technical Analysis 01-10-21📉

Bitcoin Technical Analysis 01-11-21📉

Bitcoin Technical Analysis 01-12-21📈

Bitcoin Technical Analysis 01-13-21📉

Bitcoin Technical Analysis 01-14-21📈

Bitcoin Technical Analysis 01-15-21📉

Bitcoin Technical Analysis 01-16-21📉

Bitcoin Technical Analysis 01-17-21📉

Bitcoin Technical Analysis 01-18-21📈

Bitcoin Technical Analysis 01-19-21📈

Bitcoin Technical Analysis 01-20-21📉

Bitcoin Technical Analysis 01-21-21📉

Bitcoin Technical Analysis 01-22-21📈

Bitcoin Technical Analysis 01-23-21📉

Bitcoin Technical Analysis 01-24-21📉

You can reference my Bitcoin methodology here and here.

-------------------------------------------------------------------------------------

You can reference my previous Ethereum analysis here:

Ethereum Technical Analysis 01-07-21📈

Ethereum Technical Analysis 01-08-21📉

Ethereum Technical Analysis 01-09-21📈

Ethereum Technical Analysis 01-10-21📉

Ethereum Technical Analysis 01-11-21📉

Ethereum Technical Analysis 01-12-21📈

Ethereum Technical Analysis 01-13-21📉

Ethereum Technical Analysis 01-14-21📈

Ethereum Technical Analysis 01-15-21📉

Ethereum Technical Analysis 01-16-21📈

Ethereum Technical Analysis 01-17-21📉

Ethereum Technical Analysis 01-18-21📈

Ethereum Technical Analysis 01-19-21📈

Ethereum Technical Analysis 01-20-21📉

Ethereum Technical Analysis 01-21-21📉

Ethereum Technical Analysis 01-22-21📈

Ethereum Technical Analysis 01-23-21📈

Ethereum Technical Analysis 01-24-21📈

-------------------------------------------------------------------------------------

You can reference my previous Dogecoin analysis here:

Doge Analysis 12-28-21📈

Doge Analysis 01-01-21📈

Doge Analysis 01-02-21📈

Doge Analysis 01-11-21📉

-------------------------------------------------------------------------------------

You can reference my previous Cryptomarket analysis here:

Crytomarket Weekly Overview and Forecast 01-15-21 to 01-22-21🔥🔥

Crytomarket Weekly Overview and Forecast 01-22-21 to 01-29-21🔥🔥

Disclosure: I/we have no positions in any cryptocurrencies mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose cryptocurrencies are mentioned in this article. This information is only for educational purposes.