Good evening, brothers!
Why can value investors only keep pace with the market during a bull market? Because in an extremely hot bull market atmosphere, the price increases of many stocks can far exceed expectations. Especially for small and medium-sized enterprises with low market capitalization, they are more likely to become targets of market speculation. At this moment, as a rational investor, it is already quite difficult to keep up with the index's gains.
Why is "losing less money in a bear market" more important than "making more money in a bull market"? Let's consider a simple arithmetic problem: (1-x)(1+x)=1-x². A fund with a net value of 1 can fall a certain amount and then rise the same amount, but its maximum value remains 1. The same percentage increase cannot compensate for the losses caused by the decline. At least by the age of 28, Buffett understood that the secret to achieving excess returns lies in earning normally during bull markets and losing less money during bear markets.
The same applies in the crypto space; when the price trend is favorable, one can make more money, and when the market trend is average, it is better to hold lightly and wait for opportunities, waiting for Mr. Market to make mistakes.
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According to information from the Wind Trading Platform, Citigroup stated in a report on June 20 that the rise of dollar stablecoins is more a reflection of the dollar's reserve status rather than a driving factor. The demand for U.S. Treasury bonds will not significantly increase in the short term due to the growth of stablecoins, and the relative growth of non-dollar stablecoins will become an important observation indicator of the de-dollarization trend.
The GENIUS stablecoin bill has passed in the Senate, and the HOUSE's STABLE bill has also exited the committee. Citigroup believes this is an important step in providing regulatory clarity for U.S. digital assets, which is beneficial for the entire industry. The passage of legislation is a key milestone in improving the regulatory framework for digital assets and will help accelerate the widespread use of stablecoins.
BTC: On the 4-hour level, the price has rebounded to near the upper Bollinger Band, and the price is short-term overbought, requiring caution for a short-term pullback.
On the daily level, the price continues to stay above the moving averages, and the price trend is strong.
In summary, the support level is 109400, and the resistance level is 109800.
ETH: On the 4-hour level, the price continues to stay near the upper Bollinger Band, the price trend is strong, but the short-term market is overbought, requiring caution for a market pullback, with a support level of 2580 and a resistance level of 2600.
LTC: The price has risen and broken through the upper Bollinger Band, the short-term market is strong, and the price is overbought, requiring caution for a price pullback, with a support level of 90 and a resistance level of 92.
BCH: The price continues to stay below the middle Bollinger Band, and the price trend is weak, with a support level of 490 and a resistance level of 510.
That's all for now, good night!
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