Good evening, brothers!
Why can value investors only keep pace with the market during a bull market? Because in an extremely hot bull market atmosphere, the price increases of many stocks can far exceed expectations. Especially for small and medium-sized enterprises with low market capitalization, they are more likely to become targets of market speculation. At this moment, as a rational investor, keeping up with the index's gains is already quite challenging.
Why is "losing less money in a bear market" more important than "making more money in a bull market"? Let's consider a simple arithmetic problem: (1-x)(1+x)=1-x². A fund with a net value of 1 can fall a certain amount and then rise the same amount, but its maximum value remains 1. The same percentage increase cannot compensate for the losses caused by the decline. At least by the age of 28, Buffett understood that the secret to achieving excess returns lies in earning normally in a bull market and losing less in a bear market.
The same applies in the crypto space; when the price trend is clear, one can make more money, and when the market trend is average, it’s better to hold lightly and wait for opportunities, waiting for Mr. Market to make mistakes.
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On July 17, 2025, local time, the U.S. House of Representatives passed three cryptocurrency-related bills: the "Guidance and Establishment of a National Innovation Act for Dollar Stablecoins" (referred to as the "GENIUS Act"), the "2025 Digital Asset Market Clarity Act" (referred to as the "CLARITY Act"), and the "Anti-CBDC Surveillance State Act." The "GENIUS Act" has been signed into law by Trump, while the "CLARITY Act" and the "Anti-CBDC Surveillance State Act" will be sent to the Senate for review. The acceleration of these three bills marks a strategic shift in the U.S. approach to cryptocurrency from "regulatory ambiguity" to "framework construction."
BTC: On the 4-hour level, the price continues to oscillate near the middle band of the Bollinger Bands, with short-term market fluctuations.
On the daily level, the price continues to hover near the moving averages, and caution is advised as the price may break below the moving average support for a pullback.
In summary, the support level is 117600, and the resistance level is 118200.
ETH: On the 4-hour level, the price continues to stay near the upper band of the Bollinger Bands, with a strong price trend. The support level is 3800, and the resistance level is 3830.
LTC: The price continues to stay above the middle band of the Bollinger Bands, with a strong price trend. The support level is 116, and the resistance level is 122.
BCH: The price continues to oscillate near the middle band of the Bollinger Bands, with short-term market stabilization. The support level is 520, and the resistance level is 540.
That's all for now, good night!
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