Good evening, brothers!
People have a fear of loss, which is a noteworthy finding. The pain of loss is twice as intense as the joy of gain. This is one of the core ideas of prospect theory. Prospect theory is the psychological opposite of the expectation effect theory. It disrupts some traditional economic thoughts about decision-making behavior. According to prospect theory, people have a completely autonomous way of dealing with profits and losses. If the ideas of prospect theory are correct, then it has a broad impact on people's behavior, especially on their wallets. Not only humans, but pigeons also tend to exhibit this behavior, except for pigeon number 361.
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In the past month, MicroStrategy's stock price has dropped by 25%, BitMine Immersion has fallen by over 30%, and Bitcoin has seen a decline of 15% during the same period. Analysts believe that treasury companies for digital currencies are essentially leveraged crypto assets, so when cryptocurrencies drop, they tend to fall even more. Although treasury company stocks are still overvalued, the premium levels are no longer extreme.
BTC: On the 4-hour level, the price continues to stay near the upper Bollinger Band, showing a strong price trend, but the short-term market is overbought, so caution is needed for a price correction.
On the daily level, the price has regained support from the moving averages, and the price trend remains healthy.
In summary, the support level is 105800, and the resistance level is 106200.
ETH: On the 4-hour level, the price continues to stay near the upper Bollinger Band, and the short-term market is overbought, so caution is needed for a price correction, with a support level of 3590 and a resistance level of 3620.
LTC: The price continues to stay above the middle Bollinger Band, and the price trend remains strong, with a support level of 106 and a resistance level of 110.
BCH: The price continues to stay near the upper Bollinger Band, and the price trend remains strong, with a support level of 500 and a resistance level of 530.
That's all for now, good night!
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