Good evening, brothers!
【The Index Bull Market May Not Be Related to You!】
The Shanghai Composite Index has started to break through 3700, which is consistent with yesterday's prediction. However, many people's experiences with making money are quite different; the increase in account profits is not as strong as the index. Especially with the afternoon plunge of the Shanghai Composite Index, more individual stocks fell even further.
By the close, the number of rising stocks returned to below 1000. Fortunately, the Shanghai Composite Index also fell, making the market appear more balanced.
In fact, with the market steadily rising for so long, the daily profit amount is not particularly important; you should pay more attention to your position, as this relates to whether you can maintain the profits brought by the index's rise.
My strategy is to reduce positions and take profits as the market rises. My profits may not be the highest during the market uptrend, but I should be able to do well in preserving profits because I am holding light positions and waiting for a downturn, which provides better opportunities to buy cheap chips as prices drop.
……
The hawkish voices have arrived! The latest warning from a Federal Reserve official: Do not "hasten" to cut interest rates before inflation is under control, dousing the market's strong expectations for a rate cut in September with a bucket of cold water.
On August 13, according to media reports, Chicago Fed President and 2025 FOMC voting member Austan Goolsbee issued a hawkish warning, urging the Federal Reserve not to "hasten" to cut interest rates before inflation is fully under control.
Goolsbee stated that the Federal Reserve may face a "difficult period" in pushing inflation back to the 2% target. He emphasized that the central bank should not process information as quickly as the market does, implying a need for a more cautious policy path.
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 support of the moving averages, and the price trend remains healthy.
In summary, support level at 121000, resistance level at 121300.
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, with a support level at 4680 and a resistance level at 4710.
LTC: The price continues to stay above the middle band of the Bollinger Bands, and the price trend remains healthy, with a support level at 126 and a resistance level at 130.
BCH: The price continues to stay above the middle band of the Bollinger Bands, and the price trend remains healthy, with a support level at 600 and a resistance level at 620.
That's all for now, good night!
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