Good evening, brothers!
In his 1985 letter to shareholders, Buffett talked about the Washington Post and mentioned that he experienced a "triple enjoyment": ① the intrinsic value of the company increased; ② due to the company's buybacks, the value per share was also continuously growing; ③ the valuation uplift caused the stock price performance to exceed the growth of the company's intrinsic value.
This actually tells us that as long as the company's fundamentals are good, even if you run out of "bullets" in your hand, there is no need to worry about a decline. Because you have bought enough, and the company hasn't bought enough yet. When the company buys back low-priced shares and then cancels them, it is still something worth being happy about.
After Buffett bought the Washington Post, it dropped another 25% the following year, causing him a floating loss of over $2.6 million. It wasn't until four years later that Buffett began to turn a profit and ultimately achieved returns of over a hundred times.
The same goes for the crypto world; every major drop is a good opportunity to buy valuable coins.
……
After last week's strong employment data completely overturned market expectations, U.S. Treasury futures traders are significantly closing long positions, pushing U.S. Treasury yields further higher.
On July 9, it was reported that the risk exposure held by U.S. Treasury futures traders, i.e., open contracts, sharply decreased over the past few trading days. On the day of the non-farm payroll release last Thursday, statistics showed that traders sold $7 billion worth of 10-year U.S. Treasuries.
Reports indicate that traders had previously built up a large number of long positions in U.S. Treasuries before the employment data was released, expecting weak data to support rate cut expectations, but the reality was completely opposite. Citigroup strategist David Bieber stated:
Strong non-farm employment data drove the market to reduce July rate cut expectations to zero, and long positions being closed pushed bond prices down.
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 moving average support, and the price trend remains healthy.
In summary, support level at 108600, resistance level at 109000.
ETH: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, and the price trend remains healthy, support at 2610, resistance at 2630.
LTC: The price continues to stay above the middle band of the Bollinger Bands, and the price trend remains healthy, support at 87, resistance at 89.
BCH: The price continues to stay above the middle band of the Bollinger Bands, and the price trend remains healthy, support at 490, resistance at 520.
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。
