Good evening, brothers!
When a policy is announced, the interpretation of the policy often lies in the hours following the announcement. At this time, whoever can seize this interpretative power will have the advantage in future market pricing.
For retail investors, the biggest weaknesses are the fear of missing out and the desire to recover losses.
Therefore, such a grand strategy is bound to succeed. It has succeeded in the past, it will succeed now, and it will succeed in the future.
Because human nature does not change, the fear of missing out does not change, and the desire to recover losses does not change.
Everyone just needs to follow their own system. If you really want to buy low and sell high, then hold back, and don't chase high prices, especially when everyone is emotionally unified in chasing high prices.
Over the years, I have experienced countless ups and downs in the market, and I've become indifferent to many things, treating them as mundane. So for me personally, I will not touch things outside my system.
There are no ifs, no wishful thinking; in this regard, one can achieve unity of knowledge and action. I will not waver in my system and original intention due to some changes.
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Currently, the market generally expects the Federal Reserve to cut interest rates by 25 basis points next week. CME FedWatch tool shows that currently, traders are betting on an 86% probability of a rate cut in December. Last Friday, several senior officials from the Federal Reserve released 'dovish' signals, indicating a tendency for cautious rate cuts in the future.
BTC: Looking at the 4-hour level, the price continues to fluctuate, and the price performance is average.
Looking at the daily level, the price continues to stay above the moving average support, and the overall price trend is still good.
In summary, support at 97800, resistance at 98300.
ETH: Looking at the 4-hour level, the price continues to stay below the middle band of the Bollinger Bands, and the price trend remains weak, with support at 3680 and resistance at 3720.
LTC: The price continues to stay below the middle band of the Bollinger Bands, and the price trend remains weak, with support at 100 and resistance at 130.
BCH: The price continues to stay below the middle band of the Bollinger Bands, and the price trend remains weak, with support at 510 and resistance at 540.
