Good evening, brothers!
Why can value investors only keep pace with the market during a bull market? Because in an extremely hot bull market atmosphere, the price increases of many stocks can far exceed expectations. Especially for small and medium-sized enterprises with low market capitalization, they are more likely to become targets of market speculation. At this moment, as a rational investor, it is already quite difficult to keep up with the index's gains.
Why is "losing less money in a bear market" more important than "making more money in a bull market"? Let's consider a simple arithmetic problem: (1-x)(1+x)=1-x². A fund with a net value of 1 can fall a certain amount and then rise the same amount, but its maximum value remains 1. The same percentage increase cannot compensate for the losses caused by the decline. At least by the age of 28, Buffett understood that the secret to achieving excess returns lies in earning normally in a bull market and losing less in a bear market.
The same applies in the crypto space; when the price trend is favorable, one can make more money, and when the market trend is average, it’s better to hold lightly and wait for opportunities, waiting for Mr. Market to make mistakes.
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Digital asset exchange operator Bullish has submitted an IPO application to the U.S. Securities and Exchange Commission, becoming the first cryptocurrency company to seek a public listing after Trump officially signed the stablecoin bill.
On Friday, according to the IPO application documents, the digital asset exchange Bullish holds 24,000 BTC, with a net profit of $80 million in 2024, but a net loss of $349 million in the first quarter of 2025, although the adjusted EBITDA remains positive at $13 million, and the adjusted net profit is only $2 million.
BTC: On the 4-hour level, the price continues to fluctuate near the middle band of the Bollinger Bands.
On the daily level, the price continues to fluctuate near the moving averages.
In summary, the support level is 118,200, and the resistance level is 118,600.
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 3,550 and a resistance level of 3,580.
LTC: The price continues to stay above the middle band of the Bollinger Bands, and the price trend remains healthy, with a support level of 100 and a resistance level of 106.
BCH: The price continues to stay above the middle band of the Bollinger Bands, and the price trend remains healthy, with a support level of 500 and a resistance level of 520.
That's all for now, good night!
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