Good evening, brothers!
In his letter to shareholders in 2000, Buffett wrote: "At Berkshire, we have never deluded ourselves into thinking we could pick winners from a bunch of no-hope companies. We consider ourselves to have no such superpower, and we are absolutely aware of that. Instead, we try to follow the ancient wisdom from Aesop's Fables, studying patiently how many birds are in the bushes and when they appear."
Buffett has often quoted the famous line from Aesop's Fables, "A bird in the hand is worth two in the bush." He humorously added that by the time his grandchildren come of age, they might change it to "Five girls in the phone book are not worth one girl in a convertible." Regardless of the phrasing, it embodies a very simple idea: whether you want immediate benefits or are willing to sacrifice instant gratification depends on whether your current ability to delay satisfaction can lead to greater purchasing power in the future.
The essence of making money in market trading is simply making a profit with each buy and sell. As long as a good system is established, just play according to the trading system.
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Minneapolis Federal Reserve President Kashkari stated that he expects the Federal Reserve to cut interest rates twice this year, with the first cut possibly occurring in September, but warned that the impact of tariffs on inflation may have a lagging effect, and policymakers should remain flexible.
On Friday, Kashkari wrote in an article published on the Minneapolis Federal Reserve Bank's website:
As we gather more real evidence of the tariff impact on the economy, the Federal Reserve should focus more on actual inflation and economic data rather than prematurely committing to expanding the policy path.
BTC: On the 4-hour level, the price has fallen below the middle band of the Bollinger Bands, and the price trend is fluctuating.
On the daily level, the price continues to stay above the moving average support, and the price trend remains healthy.
In summary, the support level is 106600, and the resistance level is 107200.
ETH: On the 4-hour level, the price has fallen below the middle band of the Bollinger Bands, and the price trend is weak, with a support level of 2420 and a resistance level of 2440.
LTC: The price has fallen below the middle band of the Bollinger Bands, and the price trend is weak, with a support level of 83 and a resistance level of 85.
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 480 and a resistance level of 500.
That's all for now, good night!
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