Good evening, brothers!
When it comes to understanding market fluctuations, Buffett often cites Graham's classic metaphor of "Mr. Market." For rational investors, the crazier "Mr. Market" gets, the more advantageous it is for them. For example, "Mr. Market" can drive the price of a stock worth $100 down to $10, or hype a stock worth $10 up to $100, as if he hasn't thought at all. So, as competitors, don't we gain many opportunities?
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On Monday, according to an analysis by Academy Securities strategist Peter Tchir, the market is pricing in a 95% probability of a rate cut in December, but Powell's hawkish statements may no longer be significant— as he is about to become a "lame duck" Federal Reserve chairman, his comments are losing influence over policy after the New Year.
Nomura stated that if the market "honestly" reacts to "hawkish rate cuts," it would be a reversal of liquidity: bonds and stocks would weaken due to profit-taking, the dollar would strengthen, and U.S. tech and growth stocks would face valuation pressure. If the market performance is based on the "Hassett trade," the U.S. Treasury yield curve would steepen, global economic recovery expectations would warm up, cyclical stocks would perform well, and the dollar would come under pressure again.
BTC: On the 4-hour level, the price continues to stay near the upper Bollinger band, and the price is short-term overbought, indicating a need for a pullback.
On the daily level, the price continues to be constrained by the 30-day moving average, and the price trend is average.
In summary, the support level is 92000, and the resistance level is 92300.
ETH: On the 4-hour level, the price continues to stay near the upper Bollinger band, and the short-term price is overbought, indicating a need for a pullback. It is advisable to reduce positions for profit-taking, with a support level of 3140 and a resistance level of 3170.
LTC: The price continues to stay near the upper Bollinger band, and the price trend remains healthy, with a support level of 82 and a resistance level of 85.
BCH: The price rebound is constrained by the upper Bollinger band, and the price trend remains healthy, with a support level of 590 and a resistance level of 610.
That's all for now, good night!
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