Good evening, brothers!
As Buffett said, the characteristic of a bull market is that almost all reasons are used to justify the correctness of investments. Conversely, the characteristic of a bear market is that almost all reasons are used to justify the incorrectness of investments. In other words, in a bull market, no bad news is good news, while in a bear market, no good news is bad news. For example, in the A-share and Hong Kong stock markets from 2022 to 2023, there was a rapid decline almost instinctively without any significant positive stimulus. The price movements in the crypto space also underwent a bear market correction before this structural market.
The last two to three years have been characterized by a typical bear market atmosphere, with negative news everywhere. For instance, layoffs at major companies and hefty fines. In a normal market environment, routine personnel optimization and regulatory compliance requirements would hardly attract much attention. But now, not to mention normal news, even just a rumor or two can trigger a 5% or 10% crash, showing how panicked the market has become!
The more we reach this point, the more it tests true knowledge. We often say that we should face market fluctuations rationally. When the market is doing well or at least neutral, everyone feels that facing market fluctuations is a very easy thing. Now, it might be worth asking yourself again: when faced with emotionally driven short-term fluctuations, would a 10% drop in one day make you feel panicked? Would a 30% drop in a week make you feel anxious? If not, then congratulations, in the long run, it is highly probable that you will make money in the market.
……
The market concerns triggered by Buffett's retirement news are dragging down Berkshire Hathaway's stock performance. Since the announcement at the annual meeting on May 3 that he would step down as CEO by the end of the year, the company's stock price has fallen by more than 10%.
Analysts believe that the weak stock price reflects investors' concerns about multiple factors, including the fading of the "Buffett premium." This decline has caused Berkshire to lag behind the S&P 500 index by more than 20 percentage points, whereas earlier this year, the stock had outperformed the market.
Despite facing uncertainties due to leadership changes, the company's three core businesses (insurance, railroads, and electric utilities) remain in good shape, and the company has over $330 billion in cash, accounting for about one-third of its $1 trillion market value, providing ample ammunition for future buybacks, dividends, or large acquisitions.
BTC: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, and the price trend remains healthy.
On the daily level, the price continues to stay above the support of the moving averages, and the price trend remains healthy.
In summary, the support level is 118700, and the resistance level is 119000.
ETH: On the 4-hour level, the price continues to stay near the upper band of the Bollinger Bands, and the price trend remains strong. The short-term market is overbought, so be cautious of price corrections, with a support level of 3880 and a resistance level of 3920.
LTC: The price continues to stay above the middle band of the Bollinger Bands, and the price trend remains healthy, with a support level of 108 and a resistance level of 116.
BCH: The price continues to stay above the middle band of the Bollinger Bands, and the price trend remains strong, with a support level of 580 and a resistance level of 600.
That's all for now, good night!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
