Good evening, brothers!
In his 1961 letter to partners, Buffett wrote: "I have no intention of predicting the stock market or the price of any stock over the next year or two, because I know nothing about it. I do not know when the market will go up or down, nor do I think it makes any difference to a long-term investor. We are committed to expanding the long-term advantage of the partnership fund relative to the Dow Jones index, without focusing on the absolute returns of the fund in any specific year."
Before each trade, it's best to ask yourself how you would operate if you were caught in a position, so you can overcome Mr. Market.
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Global investors are facing the deadline for Trump's tariffs with a numb and calm mindset, as various mild scenarios have been fully digested by the market.
According to the Global Times, U.S. President Trump stated that the U.S. government will issue notifications of new tariff rates to countries that have not reached a trade agreement starting July 4, with rates ranging from 10% to 70%, and plans to officially implement them from August 1. This upper limit of 70% is significantly higher than the 50% announced in April.
The market's reaction to the tariff news has become more composed. Jeff Blazek, co-chief investment officer of multi-asset at Neuberger Berman in New York, stated that the market believes there is enough "flexibility" in the deadline and that the worst-case scenario is no longer being considered.
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 fluctuate near the moving averages.
In summary, the support level is 107800, and the resistance level is 108300.
ETH: On the 4-hour level, the price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend, with a support level of 2500 and a resistance level of 2530.
LTC: The price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend, with a support level of 86 and a resistance level of 89.
BCH: The price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend, with a support level of 470 and a resistance level of 500.
That's all for now, good night!
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