Good evening, brothers!
In his 1964 letter to partners, Buffett wrote: "For a stock investor, experiencing a down year of 20% or even worse 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."
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On Tuesday, according to Nick Timiraos, a reporter from the "New Federal Reserve News Agency" known as The Wall Street Journal, although interviews for the Federal Reserve chair candidates are still ongoing, President Trump seems inclined to choose long-time advisor Kevin Hassett for the position. This appointment could become one of Trump's most important personnel decisions in his second term.
Timiraos reported that Trump told reporters on Sunday, "I know who I want to choose," and when asked if it was Hassett, he just smiled and said nothing. National Economic Council Director Hassett meets two key criteria for the president: loyalty and credibility in the market.
BTC: On the 4-hour level, the price is just a weak rebound, not standing above the middle band of the Bollinger Bands, and continues to remain below the middle band, with the price trend still weak.
On the daily level, the price continues to be constrained by multiple moving averages, with a weak price trend.
In summary, the support level is 86600, and the resistance level is 86900.
ETH: On the 4-hour level, the price continues to remain below the middle band of the Bollinger Bands, with a weak price trend, support level at 2790, and resistance level at 2810.
LTC: The price continues to remain below the middle band of the Bollinger Bands, with a weak price trend, support level at 76, and resistance level at 79.
BCH: The price continues to remain below the middle band of the Bollinger Bands, with a weak price trend, support level at 510, and resistance level at 530.
That's all for now, good night!
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