Good evening, brothers!
Buffett solemnly concluded: "Given the same time and effort, buying good companies at a reasonable price is better than buying bad companies at a low price." This inspires me to invest in good companies and to befriend good people. However, whether it's buying excellent companies or making excellent friends, the initial investment will definitely be greater. Nevertheless, considering the long term, it is all worth it.
【Current Market Risk Assessment of the Three Major Indices】
Overall, the market is still strong. Although there hasn't been any dramatic surge, there hasn't been much of a pullback either, and my holdings have achieved six consecutive gains this month.
So what is the current market risk? Let's look at the trading congestion levels on the daily, weekly, and monthly charts.
The trading congestion level of the Shanghai Composite Index is 70, 82, and 80 respectively.
The trading congestion level of the ChiNext Index is 50, 81, and 70 respectively.
The trading congestion level of the Shenzhen Composite Index is 56, 74, and 70 respectively.
Overall, the trading congestion level of the Shanghai Composite Index is relatively high, indicating a greater risk of pullback in the future. Currently, this trading congestion level is quite high; even if the market strengthens, it may only reach a congestion level of 90+, while in a downturn, it could drop to below 20. Therefore, it is advisable to maintain a light position.
……
Through the "treasury company" model where listed entities hold a large amount of cryptocurrency, after experiencing a frenzy in the first half of the year, signs of fatigue are now showing, with the high premium of their stocks relative to the held crypto assets shrinking.
Recent dynamics show that the pioneer in this field, MicroStrategy, has seen its stock price premium significantly decline. In May of this year, its stock price once reached twice the value of its held Bitcoin, but this premium has now dropped to 1.75 times. Other followers, including Bitcoin holder Semler Scientific and Solana holder Upexi, have generally seen their stock price premiums decline in recent weeks, with some companies even losing their premiums, causing their stock prices to fall below the value of their crypto assets.
BTC: On the 4-hour chart, the price continues to stay above the middle band of the Bollinger Bands, and the price trend remains strong.
On the daily chart, the price continues to stay above the support of the moving averages, and the price trend remains strong.
In summary, support level is 118000, resistance level is 118300.
ETH: On the 4-hour chart, the price continues to stay above the middle band of the Bollinger Bands, and the price trend remains strong, with a support level of 4190 and a resistance level of 4220.
LTC: The price continues to oscillate near the middle band of the Bollinger Bands, and the price trend remains average, with a support level of 121 and a resistance level of 124.
BCH: The price continues to stay near the lower band of the Bollinger Bands, and the price trend is weak, with a support level of 550 and a resistance level of 580.
That's all for now, good night!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
