Good evening, brothers!
"You can't have your cake and eat it too."
Warren Buffett wrote in his 1964 letter to partners: "For a stock investor, experiencing a drop of 20% or even worse in a year is quite common. If a market price drop of 20% to 30% makes you anxious and increases your financial pressure, I suggest you stay away from stock investments. As Harry Truman said, 'You can't have your cake and eat it too.' Please think twice before entering the stock market."
"You can't have your cake and eat it too" means you cannot desire the deliciousness of salted fish while avoiding the thirst that comes from its salty taste. Similar expressions include "sugarcane cannot be sweet at both ends" and "you cannot have both fish and bear's paw." Stocks are inherently high-volatility, high-risk, and high-return investment tools. If we hope to achieve higher returns over a longer period, then enduring volatility in the short term is almost a given.
As long as the fundamentals of the invested companies do not significantly deteriorate, what investment funds fear most at this moment are two situations: one is that the fund is leveraged; the other is that investors cannot bear the pressure and choose to redeem at this moment. Either situation could lead to the fund's net value quickly approaching the stop-loss line or liquidation line, forcing fund managers to sell off assets, thus turning the "false risk" of market volatility into the "true risk" of permanent loss.
Those who can continuously buy cheap chips during a market downturn are the ones who truly understand the market.
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According to media reports on Friday, Argentine President Milei's free market reforms have encountered significant contradictions regarding the peso exchange rate. This radical leader, who once compared his country's currency to "feces" and promised to abolish the peso, is now using scarce dollar reserves to support the peso's value, deviating from the core principles of his free market reforms.
The Milei government is currently seeking billions of dollars in aid from the Trump administration to prevent the peso from declining. The U.S. has recently purchased pesos and reached a $20 billion currency swap agreement with the Argentine central bank. U.S. Treasury Secretary Basent also stated on Wednesday that a $20 billion private financing mechanism will be established to support Argentina's debt.
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 the moving averages, showing a weak price trend.
In summary, support level at 106700, resistance level at 107000.
ETH: On the 4-hour level, the price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend, support level at 3870, resistance level at 3900.
LTC: The price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend, support level at 91, resistance level at 92.
BCH: The price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend, support level at 460, resistance level at 480.
That's all for now, good night!
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