Morning Report: After a long period of tracking, there is new progress regarding Buffett's cash-out. This is not due to regular market considerations, but concerns inheritance distribution arrangements. He converted 1,600 A-class shares into 2.4 million B-class shares, donating them to four family foundations, while leaving about 750 million for his three children, which accounts for 0.5% of his personal wealth.
In previous years around Thanksgiving, the market often showed a downward trend, much like people withdrawing money during the New Year. However, this time the overall bull market pattern remains unchanged. It is important to understand that every drop in a bull market is a rare opportunity to buy at the bottom, essentially aligning with long-term investment logic, while short-term fluctuations are merely minor interludes.
Currently, the weekly chart shows a bottoming pattern, so there is nothing to worry about. Subsequently, altcoins are likely to rise along with Ethereum’s trend. Since the large upward movement starting on the 21st, the overall cryptocurrency market has been gradually strengthening, though it is still lacking some momentum. The real big market movement is expected to build momentum in the first two weeks of December. The longer the wait during this period of anticipation, the more intense the subsequent bull market explosion will be, and it is worth looking forward to!
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