Good evening, brothers!
Life's play is most difficult at halftime,
neither can we be as unrestrained as at the beginning,
nor can we let go calmly as at the end.
The interests of middle-aged people, after all, are a quiet resistance,
resisting the increasingly loose flesh,
resisting the quietly receding hairline,
resisting the stubborn thoughts of unwillingness to grow old…
Still, have a happy weekend! 😁
……
In a wave of trade easing that excites Wall Street, the chief strategist at Bank of America poured cold water, warning investors that this rebound may have reached its end.
On Friday, Bank of America's chief investment strategist Michael Hartnett warned that due to optimism over tariff reductions in the second quarter, U.S. stocks have seen a "reasonable" rise. However, as the situation progresses into the "buy the expectation, sell the fact" phase, U.S. stocks may not be able to continue rising.
Since Trump announced a pause on certain tariffs on April 9, the S&P 500 index has surged 14%, indicating a strong market reaction to trade easing. However, it is worth noting that the index is still down 3.7% year-to-date, significantly lagging behind its international peers. The U.S. has recently taken a relatively mild stance on global trade, but these positive factors may have been fully digested by the market.
Hartnett's view is strongly supported by fund flow data. According to data from EPFR Global cited by Bank of America, approximately $24.8 billion has been withdrawn from the U.S. stock market over the past four weeks, marking the highest redemption level in two years.
BTC: On the 4-hour level, the price continues to stay near the upper Bollinger band, showing a strong price trend.
On the daily level, the price continues to stay above the moving averages, showing a strong price trend.
In summary, support level at 103000, resistance level at 104000.
ETH: On the 4-hour level, the price continues to stay near the upper Bollinger band, and the price is short-term overbought, requiring caution for a price correction, support level at 2340, resistance level at 2360.
LTC: The price continues to stay near the upper Bollinger band, showing a strong price trend, but the short-term price is overbought, requiring caution for a short-term price correction, support level at 98, resistance level at 102.
BCH: The price continues to stay above the middle Bollinger band, showing a strong price trend, but caution is needed for a price overbought correction, support level at 400, resistance level at 420.
That's all for now, good night!
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