Good evening, brothers!
Basic principles of investment:
First, you don't need to be an expert, but you should follow common sense; second, you don't need to understand every investment, but you should understand your own investments; third, speculation, while not unethical, doesn't make much money; fourth, pay more attention to the "field" (output) and less to the "scoreboard" (stock prices); fifth, macroeconomics is meaningless for investment; sixth, there's no need to focus on interest rates or stock market trends.
The difference between investing in farms, real estate, and stocks is that stocks have real-time pricing, while farms and real estate do not. For stock investors, the frequent and severe fluctuations in stock prices are a huge advantage because they provide more opportunities to buy or sell. In recent years, there has been frequent discussion about whether the volatile A-shares are suitable for value investing. In fact, Buffett has long provided a clear answer.
The same goes for the cryptocurrency market, but the cryptocurrency market requires you to understand the market even more.
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JPMorgan warns that U.S. inflation is showing a more stubborn trend than expected, with several alternative inflation indicators indicating that the disinflation process has stalled, and the sticky part of core inflation is accelerating again. This trend may limit the Federal Reserve's room for further aggressive rate cuts.
Currently, the market's interpretation of the July CPI report is relatively optimistic, but JPMorgan states that several underlying inflation indicators, including trimmed mean and median inflation, show that inflation has not continued to decline, and the sticky components of core inflation are accelerating again, with a significant portion of its strength unrelated to tariffs. This means that inflation may remain sticky at levels above the Federal Reserve's target.
Analyst Michael Hanson warns that while the Federal Open Market Committee (FOMC) is currently focused on managing the downside risks in the labor market, the degree to which inflation deviates from its target is significantly greater. Unless the economy falls into recession, the continued strength of inflation will not support the Federal Reserve in adopting more aggressive easing policies.
BTC: On the 4-hour level, the price has retraced and broken below the lower Bollinger Band, indicating that the short-term market is oversold and there is a demand for a rebound.
On the daily level, the price has broken below the moving average support, with support at the 60-day moving average.
In summary, support level is 114800, resistance level is 115300.
ETH: On the 4-hour level, the price has retraced to the lower Bollinger Band, indicating that the short-term market is oversold and there is a demand for a rebound, with support at 4250 and resistance at 4280.
LTC: The price has retraced to the lower Bollinger Band, indicating that the short-term market is oversold and there is a demand for a rebound, with support at 115 and resistance at 118.
BCH: The price has broken below the lower Bollinger Band, indicating that the short-term market is oversold and there is a demand for a rebound, with support at 550 and resistance at 580.
That's all for now, good night!
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