Good evening, brothers!
In his 1964 letter to partners, Buffett wrote: "For a stock investor, experiencing a drop of 20% or even worse in a year is quite common. If a 20% to 30% drop in market prices 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."
In my opinion, Buffett's investment research and management are exceptionally well done. On one hand, Buffett continuously creates high investment returns for partners through in-depth investment research; on the other hand, he guides partners to view market fluctuations rationally through intentional investment management, reducing their expectations for long-term excess returns. The combination of both is very beneficial for forming a good partnership.
The same goes for the crypto space; every market transaction requires a trading plan to remain calm amidst market fluctuations.
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When global investors begin to question the dollar's hegemonic status, they may find the available safe havens surprisingly few.
Despite the dollar index dropping over 10% this year, Goldman Sachs analysts warn that the limited supply of alternative assets such as the Swiss franc, precious metals, and Bitcoin may trigger severe market volatility as institutions diversify their dollar exposure, driving a revaluation of nominal asset prices.
On July 7, Mark Wilson, Managing Director and Partner at Goldman Sachs, wrote in a research report that the rising risk of unsustainable global fiscal paths is testing the dollar's resilience. However, due to the scarcity of credible alternative currencies, diversification itself may become a catalyst for price volatility. Wilson believes that the main alternative options currently include only a few varieties such as the Swiss franc, precious metals, and Bitcoin. This scarcity means that investors' diversification behavior will produce an excessive price impact effect.
BTC: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, and the price trend remains healthy.
On the daily level, the price continues to oscillate near the moving averages, and the price trend is average.
In summary, the support level is 108400, and the resistance level is 108900.
ETH: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, and the price trend remains healthy, with a support level of 2540 and a resistance level of 2570.
LTC: The price has fallen below the middle band of the Bollinger Bands, and the price trend is weak, with a support level of 86 and a resistance level of 88.
BCH: The price continues to stay above the middle band of the Bollinger Bands, and the price trend is strong, with a support level of 480 and a resistance level of 510.
That's all for now, good night!
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