83
Technical Analysis
Bitcoins opens at $38K. It hits lowest at $37K and highest at $40K and stable around $39K ~ $40K. The average transaction fee is $2.48 which is 4.25% decrease from 07-25-21. Fear and Greed level is at 50.
Here are some highlights to support my analysis:
Bitcoin Value = $28k ~ $40k and my position is Long.
Current News Summary:
Today’s sentimental news and comments:
Bullish News ??
The Fed printed so much money that it induced a high inflation environment. Crypto performed poorly in such an environment and the future is uncertain. However, it is only a short term of performance that does not imply the long term performance. We may see how crypto continues performing and becomes its own unique characters.
Crypto mining index. If you felt risky directly investing in crypto, the crypto mining index may suit you. It performs like the gold miners index in which companies improve technology to produce more cryptos in this case. Not a new concept but it may resemble the gold industry.
Bearish News ??
The Fed had a closed door meeting to discuss crypto futures including stablecoins. They knew the financial system would change. However, what position they will take is still being discussed. Unlike China who refused the future of crypto co-exist with fiat currency, I think the Fed approach will be more friendly than heavy regulations to prevent crypto growth. Of course, things may change unexpectedly.
Robinhood IPO may send crypto market both ways. Surge high or disappointed down.
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Also, if you have any suggestions, please do not hesitate to let me know!
Thanks for reading and see you tomorrow!
------------------------------------------------------------------------------------Note: Cross-references of this article has created by author and has cross-referenced on multiple platforms. You can find links below ????:
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You can reference my previous monthly Bitcoin and Ethereum analysis here ????:
Note:some links refer at the beginning of next month that include all previous month links of reports
???? January 2021 Technical Analysis Summary ????
???? February 2021 Technical Analysis Summary ????
???? March 2021 Technical Analysis Summary ????
???? April 2021 Technical Analysis Summary ????
???? May 2021 Technical Analysis Summary ????
???? June 2021 Technical Analysis Summary ????
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You can reference my previous daily Bitcoin analysis here ????:
Bitcoin Technical Analysis 06-30-21??
Bitcoin Technical Analysis 07-01-21??
Bitcoin Technical Analysis 07-02-21??
Bitcoin Technical Analysis 07-03-21??
Bitcoin Technical Analysis 07-04-21??
Bitcoin Technical Analysis 07-05-21??
Bitcoin Technical Analysis 07-06-21??
Bitcoin Technical Analysis 07-07-21??
Bitcoin Technical Analysis 07-08-21??
Bitcoin Technical Analysis 07-09-21??
Bitcoin Technical Analysis 07-10-21??
Bitcoin Technical Analysis 07-11-21??
Bitcoin Technical Analysis 07-12-21??
Bitcoin Technical Analysis 07-13-21??
Bitcoin Technical Analysis 07-14-21??
Bitcoin Technical Analysis 07-15-21??
Bitcoin Technical Analysis 07-16-21??
Bitcoin Technical Analysis 07-17-21??
Bitcoin Technical Analysis 07-18-21??
Bitcoin Technical Analysis 07-19-21??
Bitcoin Technical Analysis 07-20-21??
Bitcoin Technical Analysis 07-21-21??
Bitcoin Technical & Sentimental Analysis 07-22-21??
Bitcoin Technical & Sentimental Analysis 07-23-21??
Bitcoin Technical & Sentimental Analysis 07-24-21??
Bitcoin Technical & Sentimental Analysis 07-25-21??
Bitcoin Technical & Sentimental Analysis 07-26-21??
Bitcoin Technical & Sentimental Analysis 07-27-21??
You can reference my Bitcoin methodology here and here.
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You can reference my previous daily Ethereum analysis here ????:
Ethereum Technical Analysis 06-30-21??
Ethereum Technical Analysis 07-01-21??
Ethereum Technical Analysis 07-02-21??
Ethereum Technical Analysis 07-03-21??
Ethereum Technical Analysis 07-04-21??
Ethereum Technical Analysis 07-05-21??
Ethereum Technical Analysis 07-06-21??
Ethereum Technical Analysis 07-07-21??
Ethereum Technical Analysis 07-08-21??
Ethereum Technical Analysis 07-09-21??
Ethereum Technical Analysis 07-10-21??
Ethereum Technical Analysis 07-11-21??
Ethereum Technical Analysis 07-12-21??
Ethereum Technical Analysis 07-13-21??
Ethereum Technical Analysis 07-14-21??
Ethereum Technical Analysis 07-15-21??
Ethereum Technical Analysis 07-16-21??
Ethereum Technical Analysis 07-17-21??
Ethereum Technical Analysis 07-18-21??
Ethereum Technical Analysis 07-19-21??
Ethereum Technical Analysis 07-20-21??
Ethereum Technical Analysis 07-21-21??
Ethereum Technical & Sentimental Analysis 07-22-21??
Ethereum Technical & Sentimental Analysis 07-23-21??
Ethereum Technical & Sentimental Analysis 07-24-21??
Ethereum Technical & Sentimental Analysis 07-25-21??
Ethereum Technical & Sentimental Analysis 07-26-21??
Ethereum Technical & Sentimental Analysis 07-27-21??
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You can reference my previous daily Dogecoin analysis here ????:
Doge Analysis 01-11-21??
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You can reference my previous weekly Cryptomarket forecast analysis here ????:
Crytomarket Weekly Overview and Forecast 01-22-21 to 01-29-21????
Crytomarket Weekly Overview and Forecast 01-29-21 to 02-05-21????
Crytomarket Weekly Overview and Forecast 02-05-21 to 02-12-21????
Crytomarket Weekly Overview and Forecast 02-12-21 to 02-19-21????
Crytomarket Weekly Overview and Forecast 02-19-21 to 02-26-21????
Crytomarket Weekly Overview and Forecast 02-26-21 to 03-05-21????
Crytomarket Weekly Overview and Forecast 03-05-21 to 03-12-21????
Crytomarket Weekly Overview and Forecast 03-12-21 to 03-19-21????
Crytomarket Weekly Overview and Forecast 03-19-21 to 03-26-21????
Crytomarket Weekly Overview and Forecast 03-26-21 to 04-02-21????
Crytomarket Weekly Overview and Forecast 04-02-21 to 04-09-21????
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Check out my Ah moment here ????:
??Ah moment 05-31-21??
??Ah moment 06-02-21??
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Risk forecast guideline:
Risk Averse means you can use as defense ???
Risk Seeking means you can use as offense ??
Risk Neutral means no decision made and continue seeking opportunities ???
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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.
