Good evening, brothers!
【Market Surges and Retracts!】
The market continues to surge and then retract, and I actually prefer this kind of market, as it allows for buying low and selling high.
All three major indices closed higher, but the number of stocks that declined exceeded 3,000. So, do you think the majority of people in the market are making money or losing money?
We will continue to follow our strategy, and our returns are still at new highs.
……
On Friday local time, San Francisco Fed President Mary Daly hinted that Federal Reserve policymakers will soon be ready to lower interest rates. She also stated that inflation caused by tariffs may only be temporary.
In a brief social media post shared by the San Francisco Fed on Friday, Daly wrote:
It will soon be time to recalibrate policy to better match the economy. The price increases caused by tariffs will be one-time events. It will take time to fully confirm this, but we cannot wait for perfect certainty, or we risk harming the labor market.
BTC: On the 4-hour level, the price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend.
On the daily level, the price continues to be suppressed by multiple moving averages, showing a weak price trend.
In summary, the support level is 108,300, and the resistance level is 108,700.
ETH: On the 4-hour level, the price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend, with a support level of 4,340 and a resistance level of 4,370.
LTC: The price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend, with a support level of 108 and a resistance level of 112.
BCH: The price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend, with a support level of 520 and a resistance level of 550.
That's all for now, good night!
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