Technical Analysis
Bitcoins opens at $37K. It hits lowest at $36K and highest at $38K and stable around $37K ~ $38K. The average transaction fee is $2.59 which is 32.82% increase from 07-26-21. Fear and Greed level is at 32.
Here are some highlights to support my analysis:
Bitcoin Value =Β $28k ~ $40k and my position is Long.
Β
Current News Summary:
Todayβs sentimental news and comments:
Bullish News π
China's crack down on crypto intensified. It scared off the investors and stock market sales intensified. China resisted opening its mind to accept the future as it changed peopleβs perspective about how they want the future to be.
Ark Invest sells Chinese stocks and buys Bitcoin. So using Bitcoin to hedge Chinese economy?! I think Elon Musk is laughing now.
Bearish News π
U.S. Senator Warren warned of risks of exposure to crypto and asked the Financial Stability Oversight Council (FSCO) to take action. Lawmakers see crypto as leverage without real asset backed securities which is risky and unregulated. It may recreate the financial crisis in 2008 with subprime loans that almost brought down the entire housing market. Yet, the housing market is red hot right now which is another bubble that waits to pop in no time.
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You can reference my previous monthly Bitcoin and Ethereum analysis here β¬οΈβ¬οΈ:
Note:some links refer at the beginning of next month that include all previous month links of reports
πͺπͺ January 2021 Technical Analysis Summary ππ
πͺπͺ February 2021 Technical Analysis Summary ππ
πͺπͺ March 2021 Technical Analysis Summary ππ
πͺπͺ April 2021 Technical Analysis Summary ππ
πͺπͺ May 2021 Technical Analysis Summary ππ
πͺπͺ June 2021 Technical Analysis Summary ππ
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You can reference my previous daily Bitcoin analysis here β¬οΈβ¬οΈ:
Bitcoin Technical Analysis 06-30-21π
Bitcoin Technical Analysis 07-01-21π
Bitcoin Technical Analysis 07-02-21π
Bitcoin Technical Analysis 07-03-21π
Bitcoin Technical Analysis 07-04-21π
Bitcoin Technical Analysis 07-05-21π
Bitcoin Technical Analysis 07-06-21π
Bitcoin Technical Analysis 07-07-21π
Bitcoin Technical Analysis 07-08-21π
Bitcoin Technical Analysis 07-09-21π
Bitcoin Technical Analysis 07-10-21π
Bitcoin Technical Analysis 07-11-21π
Bitcoin Technical Analysis 07-12-21π
Bitcoin Technical Analysis 07-13-21π
Bitcoin Technical Analysis 07-14-21π
Bitcoin Technical Analysis 07-15-21π
Bitcoin Technical Analysis 07-16-21π
Bitcoin Technical Analysis 07-17-21π
Bitcoin Technical Analysis 07-18-21π
Bitcoin Technical Analysis 07-19-21π
Bitcoin Technical Analysis 07-20-21π
Bitcoin Technical Analysis 07-21-21π
Bitcoin Technical & Sentimental Analysis 07-22-21π
Bitcoin Technical & Sentimental Analysis 07-23-21π
Bitcoin Technical & Sentimental Analysis 07-24-21π
Bitcoin Technical & Sentimental Analysis 07-25-21π
Bitcoin Technical & Sentimental Analysis 07-26-21π
You can reference my Bitcoin methodology here and here.
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You can reference my previous daily Ethereum analysis here β¬οΈβ¬οΈ:
Ethereum Technical Analysis 06-30-21π
Ethereum Technical Analysis 07-01-21π
Ethereum Technical Analysis 07-02-21π
Ethereum Technical Analysis 07-03-21π
Ethereum Technical Analysis 07-04-21π
Ethereum Technical Analysis 07-05-21π
Ethereum Technical Analysis 07-06-21π
Ethereum Technical Analysis 07-07-21π
Ethereum Technical Analysis 07-08-21π
Ethereum Technical Analysis 07-09-21π
Ethereum Technical Analysis 07-10-21π
Ethereum Technical Analysis 07-11-21π
Ethereum Technical Analysis 07-12-21π
Ethereum Technical Analysis 07-13-21π
Ethereum Technical Analysis 07-14-21π
Ethereum Technical Analysis 07-15-21π
Ethereum Technical Analysis 07-16-21π
Ethereum Technical Analysis 07-17-21π
Ethereum Technical Analysis 07-18-21π
Ethereum Technical Analysis 07-19-21π
Ethereum Technical Analysis 07-20-21π
Ethereum Technical Analysis 07-21-21π
Ethereum Technical & Sentimental Analysis 07-22-21π
Ethereum Technical & Sentimental Analysis 07-23-21π
Ethereum Technical & Sentimental Analysis 07-24-21π
Ethereum Technical & Sentimental Analysis 07-25-21π
Ethereum Technical & Sentimental Analysis 07-26-21π
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You can reference my previous daily Dogecoin analysis here β¬οΈβ¬οΈ:
Doge Analysis 12-28-21π
Doge Analysis 01-01-21π
Doge Analysis 01-02-21π
Doge Analysis 01-11-21π
Doge Analysis 01-28-21π
Doge Analysis 02-04-21π
Doge Analysis 02-07-21π
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You can reference my previous weekly Cryptomarket forecast analysis here β¬οΈβ¬οΈ:
Crytomarket Weekly Overview and Forecast 01-22-21 to 01-29-21π₯π₯
Crytomarket Weekly Overview and Forecast 01-29-21 to 02-05-21π₯π₯
Crytomarket Weekly Overview and Forecast 02-05-21 to 02-12-21π₯π₯
Crytomarket Weekly Overview and Forecast 02-12-21 to 02-19-21π₯π₯
Crytomarket Weekly Overview and Forecast 02-19-21 to 02-26-21π₯π₯
Crytomarket Weekly Overview and Forecast 02-26-21 to 03-05-21π₯π₯
Crytomarket Weekly Overview and Forecast 03-05-21 to 03-12-21π₯π₯
Crytomarket Weekly Overview and Forecast 03-12-21 to 03-19-21π₯π₯
Crytomarket Weekly Overview and Forecast 03-19-21 to 03-26-21π₯π₯
Crytomarket Weekly Overview and Forecast 03-26-21 to 04-02-21π₯π₯
Crytomarket Weekly Overview and Forecast 04-02-21 to 04-09-21π₯π₯
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Check out my Ah moment here β¬οΈβ¬οΈ:
πAh moment 05-31-21π
πAh moment 06-02-21π
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Risk forecast guideline:
Risk Averse means you can use as defense π‘οΈ
Risk Seeking means you can use as offense βοΈ
Risk Neutral means no decision made and continue seeking opportunities ποΈ
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Disclosure: 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.