Good evening, brothers!
The common mistakes in investing boil down to two types: either not buying what should be bought, or buying what shouldn't be bought. Relatively speaking, the losses from the latter can be more severe. After all, not buying what should be bought just means earning a little less money, while buying what shouldn't be bought can lead to losses. Only by minimizing losses can profits come naturally.
The sell-off in the U.S. Treasury market is still ongoing; when will it hit the bottom?
On January 8 local time, Citigroup's Chief Investment Strategist and Chief Economist Steven Wieting stated that the yield on the 10-year U.S. Treasury bond could rise further to 5%, which would also be a good time to enter the market. Wieting said at a conference in Singapore:
"A yield close to 5% on the 10-year U.S. Treasury is certainly possible, and the 5% level would be a point we find very attractive."
BTC: On the 4-hour chart, the price has broken below the middle band of the Bollinger Bands, retracing to near the lower band, indicating that the short-term market is oversold and there is a demand for a rebound.
On the daily chart, the price has broken below the moving average support, showing a weak price trend.
In summary, the support level is 95400, and the resistance level is 95800.
ETH: On the 4-hour chart, the price has retraced to near the lower band of the Bollinger Bands, indicating that the short-term market is oversold and there is a demand for a rebound, with a support level of 3340 and a resistance level of 3360.
LTC: The price has retraced to near the lower band of the Bollinger Bands, showing a weak price trend, with the short-term market oversold and a demand for a rebound, support level at 96 and resistance level at 106.
BCH: The price has retraced to near the lower band of the Bollinger Bands, indicating that the short-term market is oversold and there is a demand for a rebound, with a support level of 420 and a resistance level of 450.
That's all for now, good night!
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