Good evening, brothers!
The difference between investing in farms, real estate, and stocks is that stock prices are quoted in real-time, while farms and real estate are not. For stock investors, the frequent and dramatic fluctuations in stock prices are a huge advantage, as they provide more opportunities to buy or sell. In recent years, there has been much discussion about whether the volatile A-shares are suitable for value investing. In fact, Buffett has long provided a clear answer.
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American retail investors have shown a completely different investment strategy in November, aggressively bottom-fishing in the stock market while selling off cryptocurrency ETFs.
According to Wind Trading Desk, JPMorgan's latest research report shows that retail investors have sold approximately $4 billion worth of spot Bitcoin and Ethereum ETFs since November, surpassing the single-month sell-off record set in February this year. As panic spreads rapidly, the price of Bitcoin has fallen below its "production cost" of about $94,000 for the first time since July 2020.
BTC: On the 4-hour level, the price has broken below the lower Bollinger Band, and the price is oversold, so it may be appropriate to buy some spot in the short term.
On the daily level, the price continues to be suppressed by multiple moving averages, and the price trend is weak.
In summary, the support level is 81,400, and the resistance level is 81,800.
ETH: On the 4-hour level, the price has broken below the lower Bollinger Band, and the price trend is weak, with a support level of 2,690 and a resistance level of 2,710.
LTC: The price has broken below the lower Bollinger Band, and the price trend is weak, with a support level of 82 and a resistance level of 85.
BCH: The price continues to stay near the lower Bollinger Band, and the price trend is weak, with a support level of 450 and a resistance level of 480.
That's all for now, good night!
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