Good evening, brothers!
【Bank stocks have become the sacrificial pawn in the bull market sprint phase】
Today, the market surged again to 3700, with the big financial sector rising sharply once more, especially the brokerage and fintech sectors. However, the only one left behind was the banking sector. This wave of market surge actually pulled down the banking sector. Is this the main force showing its strength? Does it mean that it can stand at 3700 without even needing to boost the banks? Quite impressive. According to Mr. Market's arrangement today, I took profits by selling: one each of the fintech ETF, state-owned enterprise reform ETF, tourism ETF, and coal ETF; and bought the bank ETF. The focus is on securing profits.
【Is the banking sector about to sound the trumpet for a rebound?】
While looking at tomorrow's trading strategy, I noticed that the recently laid out bank ETF has seen its trading congestion drop to around 25, indicating a non-congested state. This means that funds may flow into the banking sector to speculate on a rebound. If the banks can pull back again tomorrow, it would be a good buying opportunity.
……
Warren Buffett is sending a clear signal to the market. His Berkshire Hathaway is investing in the U.S. residential construction industry, which is highly sensitive to interest rates. This move indicates that the legendary investor may be betting on a future decline in interest rates, believing that the housing market is about to experience favorable winds.
BTC: On the 4-hour level, the price continues to oscillate near the middle band of the Bollinger Bands, with a generally stable price trend.
On the daily level, the price continues to oscillate near the moving averages.
In summary, support level at 118100, resistance level at 118400.
ETH: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, with a strong price trend, support level at 4550, resistance level at 4570.
LTC: The price continues to stay above the middle band of the Bollinger Bands, with a healthy price trend, support level at 119, resistance level at 124.
BCH: The price continues to stay below the middle band of the Bollinger Bands, with a weak price trend, support level at 580, resistance level at 600.
That's all for now, good night!
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