Good evening, brothers!
We must have a realization: the public is often wrong.
In mid-September, how pessimistic was the public's sentiment? What were the discussions like online at that time? By early October, the public's sentiment was so exuberant that brokerage software was overwhelmed. Now, the public sentiment has begun to turn pessimistic again, with more and more sarcastic voices.
Looking back, the public's sentiment is always wrong, so why should we let it affect us? Haven't we suffered enough losses already?
At the very least, we should remain vigilant about the investment content that is hotly debated in forums and communities, because many people are pessimistic after experiencing many declines and optimistic after many rises; they lack rational logic.
As investors, loneliness is a proactive choice. Never think about huddling together for warmth, and don't expect to gain understanding and support from the public.
……
Is there a pattern to Bitcoin's price changes?
Last week, Deutsche Bank research analysts Marion Laboure and Galina Pozdnyakova analyzed the daily price of Bitcoin against the US dollar since January 2011 and published a report explaining the price change patterns of Bitcoin.
According to the report, from January 2011 to the present, Bitcoin has experienced 4 long-term upward cycles and 23 short-term upward cycles. Long-term upward cycles are usually associated with Bitcoin's halving events, while short-term upward cycles are typically driven by short-term macroeconomic changes or market sentiment.
BTC: On the 4-hour level, the price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend.
On the daily level, the price continues to oscillate near the moving averages, showing an average price trend.
In summary, the support level is 102800, and the resistance level is 103600.
ETH: On the 4-hour level, the price continues to stay below the middle band of the Bollinger Bands, but there is a possibility of breaking above the middle band, so we can pay attention to the rebound after it breaks above. The support level is 32080, and the resistance level is 3310.
LTC: The price continues to stay below the middle band of the Bollinger Bands, showing an average price trend. The support level is 110, and the resistance level is 130.
BCH: The price continues to stay below the middle band of the Bollinger Bands, showing signs of stabilization. The support level is 420, and the resistance level is 450.
That's all for now, good night!
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