Good evening, brothers!

In the absence of significant deterioration in the fundamentals of the invested companies, what investment funds fear most at this moment are two situations: one is that the fund is leveraged; the other is that investors cannot bear the pressure and choose to redeem at this time. Either situation could lead to the fund's net value quickly approaching the stop-loss line or liquidation line, forcing fund managers to sell passively, thus turning the "false risk" of market volatility into the "true risk" of permanent loss.

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Bloomberg's macro strategist Simon White believes that although the market has experienced some turbulence, a bear market is unlikely to occur in this liquidity environment.

Recently, White published a compelling article that undoubtedly serves as a shot in the arm for global investors who are feeling confused about the recent trends in the U.S. stock market.

If you pay attention to the market, you will notice that U.S. stocks have indeed hit a "pit," with major indices retreating about 5% from recent highs. At this time, many people start to feel anxious: is this a precursor to a major drop? Should we start to panic?

BTC: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, and the price trend remains strong.

On the daily level, the price continues to stay above the support of the moving averages, and the price trend remains strong.

In summary, the support level is 91500, and the resistance level is 91800.

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 of 3040 and a resistance level of 3060.

LTC: The price continues to oscillate near the middle band of the Bollinger Bands, with a support level of 84 and a resistance level of 87.

BCH: The price continues to oscillate near the middle band of the Bollinger Bands, with a generally average price trend, a support level of 520, and a resistance level of 550.

That's all for now, good night!

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