Account profits reach a new high, but beware of the risk of a pullback! 20241216

CN
1 year ago

Good evening, brothers!

Investment, as always, is about finding what makes you feel at ease, looking for the right price point, and having sufficient cost-effectiveness and faith. This is the most suitable method for ordinary people. Cost-effectiveness is very important; buying at a price that feels right allows you to hold patiently. Don't let market fluctuations make even meals unappetizing; that would defeat the essence of investment. Investment is meant to make life happier, not more haggard.

A good buying price makes it easier to take profits when selling. Remember that?

……

The last monetary policy meeting of the Federal Reserve this year will be held this Tuesday, followed by the announcement of the interest rate decision on Wednesday.

As the Federal Reserve enters its quiet period, "New Federal Reserve News Agency" Nick Timiraos published an article in The Wall Street Journal on the 16th, stating that investors generally expect a third rate cut this week. After that, officials are prepared to slow down or even stop rate cuts:

One option this week is to cut rates by a quarter of a percentage point and then use new economic forecasts to strongly suggest that the central bank is ready to slow the pace of rate cuts.

The article points out that, in the face of differing internal voices, Powell must balance policy adjustments. Since the end of summer, the frequency and magnitude of rate cuts have raised questions among some Federal Reserve officials, who are concerned that too rapid a rate cut may send the wrong market signals.

BTC: On the 4-hour level, the price continues to stay near the upper Bollinger Band, and the price trend remains strong, but the short-term market is already overbought, so caution is needed for a pullback risk.

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

In summary, support level at 104300, resistance level at 104900.

ETH: On the 4-hour level, the price continues to stay above the middle Bollinger Band, and the price trend remains strong, with a support level at 3930 and a resistance level at 3960.

LTC: The price continues to stay below the middle Bollinger Band, and the price trend remains weak, with a support level at 110 and a resistance level at 130.

BCH: The price continues to stay below the middle Bollinger Band, and the price trend remains weak, with a support level at 520 and a resistance level at 540.

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