Good evening, brothers!
The market has its ups and downs, but why are you always the one losing?
Shouldn't you reflect on your own operations? Do you find that every time the market rises significantly, you think it will continue to rise, and then you rush in to buy, only for the market to correct right after? When the market is falling, do you think it will continue to drop, and you cut your losses cleanly, only for the market to start rebounding right after you stop out?
If this is how you operate, it might be time to change your approach; otherwise, you will continue to lose money in the market.
I have always emphasized that a rising market is for taking profits and selling, while a falling market is for buying cheap assets.
So when to buy and sell is the essence of trading and the core of our trading system.
……
Following the dovish remarks from Waller, Bowman, and Goolsbee, Bostic stated that he is not in a hurry to cut interest rates.
On Tuesday, Atlanta Federal Reserve President Bostic, in an interview at his office in downtown Atlanta, stated that the Fed currently does not need to cut interest rates and expects that by the end of 2025, the Fed will only need to cut rates once at most, as I judge that U.S. economic growth may slow to 1.1% this year, but inflation will return to around 3% by the end of the year.
Bostic pointed out that there are almost no obvious signs of weakness in the job market, and inflation remains a risk:
"Considering that companies plan to raise prices later this year due to increased import tariffs, and the job market remains stable, the Fed currently does not need to cut rates."
BTC: On the 4-hour level, the price continues to stay near the upper Bollinger Band, showing a strong price trend. The short-term market is overbought, and it may be appropriate to reduce positions and take profits.
On the daily level, the price continues to oscillate near the moving averages, and the price trend remains volatile.
In summary, the support level is 105200, and the resistance level is 105500.
ETH: On the 4-hour level, the price continues to stay above the middle Bollinger Band, showing a strong price trend. The short-term market is overbought, and it may be appropriate to reduce positions and take profits. The support level is 2410, and the resistance level is 2430.
LTC: The price continues to stay above the middle Bollinger Band, showing a strong price trend. The short-term market is overbought, and it may be appropriate to reduce positions and take profits on part of the holdings. The support level is 82, and the resistance level is 86.
BCH: The price continues to stay above the middle Bollinger Band, showing a strong price trend. The support level is 450, and the resistance level is 480.
That's all for now, good night!
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