非农数据大幅超出预期
3.1M views
1,555 Discussing
美国12月非农数据强势发布，就业人数大幅超预期达到 25.6万，创2024年3月以来新高，失业率也意外下降至 4.1%，低于预期的4.2%。经济热度回升，BTC 和 ETH 是否会迎来新一轮波动？下个翻转跌势的机会会在哪？而美联储是否会调整政策，重新定义市场流动性？
Hot
Latest
See original
Why do many people prefer to hold onto losing positions rather than cut losses and exit? (Part 1)
Of ten losing traders, at least seven are losing because they held onto their positions. This issue of holding onto positions is a long-standing problem in trading losses. Almost every time the market moves significantly, friends come to me complaining about their severe losses from holding positions.
It is widespread; many holders of positions suffer severe losses and stubbornly refuse to change. Today, I will discuss several reasons why people hold onto positions and how to deal with this issue.
There are five common reasons that lead to holding onto positions:
1: Issues with market trends; there are many false trends.
Most market movements are oscillating; prices rise and fall. If a position incurs losses and the trader does not cut losses but holds on, they may lose less during the oscillation and even turn losses into profits if the market reverses.
It is widespread; many holders of positions suffer severe losses and stubbornly refuse to change. Today, I will discuss several reasons why people hold onto positions and how to deal with this issue.
There are five common reasons that lead to holding onto positions:
1: Issues with market trends; there are many false trends.
Most market movements are oscillating; prices rise and fall. If a position incurs losses and the trader does not cut losses but holds on, they may lose less during the oscillation and even turn losses into profits if the market reverses.
See original
Why Frequent Trading is Not Recommended
I was once a victim of frequent trading. I cannot say that frequent trading will definitely lead to failure, but it is indeed very difficult to be profitable if you trade frequently. Even though I have been trading for over a decade now and my mindset and finances are relatively stable, if I were to return to a state of frequent trading, I might still struggle to control myself because human nature is hard to overcome.
In my early days of trading, I could place dozens of orders in a day, trading non-stop from noon till night. I could skip meals and sleep, but I had to trade.
Upon reviewing my own state, I identified two main reasons for my losses:
In my early days of trading, I could place dozens of orders in a day, trading non-stop from noon till night. I could skip meals and sleep, but I had to trade.
Upon reviewing my own state, I identified two main reasons for my losses:
See original
#非农数据大幅超出预期 Bitcoin has been falling since it could not stand at $100,000. At first, it fell rapidly, first falling back into the previous box, and then the price did not start any rebound trend. From the four-hour level, the subsequent price is still falling, but the rapid decline has become a fluctuating decline. Then in the early morning of today, the price of Bitcoin fell back to the bottom of the box again, and it also fell below the previous low. The previous lowest price fell to $91,500, and the lowest price fell to $91,200 this morning. The current price has rebounded slightly and returned to above $93,000.
However, from the four-hour level, it is still impossible to observe the strong resistance of the bulls. The overall trend is still a fluctuating decline, and the counterattack of the bulls is not obvious at all. In this case, it is not recommended that you enter the market directly.
At present, I think the bottom support level of the box is still around $92,000. The current price of Bitcoin has not fallen below this box. Although the price once fell to $91,200, the current price rebounded, which was a false break. The current support level is still valid. Of course, if I am more cautious, I still hope to wait for the market to rebound. Just like before, after the price began to rebound and the bulls began to counterattack, the bears could not smash the market to hit a new low, and then the bulls continued to break through new highs. In this case, there is an opportunity to enter the market. This is a more cautious approach, because we also mentioned yesterday that if the price cannot be supported at $92,000, there will be a deeper callback in the future. Yesterday, through the pattern analysis, if the price falls below $92,000 and does not come back, the subsequent price may reach $86,000. And today is Friday, and I hope that Bitcoin can stabilize above $92,000 during the weekend, so next week is likely to be an opportunity for a rebound.
However, from the four-hour level, it is still impossible to observe the strong resistance of the bulls. The overall trend is still a fluctuating decline, and the counterattack of the bulls is not obvious at all. In this case, it is not recommended that you enter the market directly.
At present, I think the bottom support level of the box is still around $92,000. The current price of Bitcoin has not fallen below this box. Although the price once fell to $91,200, the current price rebounded, which was a false break. The current support level is still valid. Of course, if I am more cautious, I still hope to wait for the market to rebound. Just like before, after the price began to rebound and the bulls began to counterattack, the bears could not smash the market to hit a new low, and then the bulls continued to break through new highs. In this case, there is an opportunity to enter the market. This is a more cautious approach, because we also mentioned yesterday that if the price cannot be supported at $92,000, there will be a deeper callback in the future. Yesterday, through the pattern analysis, if the price falls below $92,000 and does not come back, the subsequent price may reach $86,000. And today is Friday, and I hope that Bitcoin can stabilize above $92,000 during the weekend, so next week is likely to be an opportunity for a rebound.
See original
How much do you know about BTC expectations?
The U.S. non-farm payrolls in December far exceeded expectations, and the Fed remained on hold in January. But this is no longer a bad news. The bad news has been almost digested after 12.18. The two weeks when the shorts were at their peak did not fall below 90,000, indicating that the support here is very strong. As long as it falls back to 9.3w-9.1w, you must buy the bottom and go long. The Fed's interest rate meeting on January 29 was not in line with expectations, and the expectation of a rate cut in March was released, which skyrocketed.
Remember, as long as the shorts fall to 93,300-91,300, buy the bottom and go long. Even if the shorts fall below 90,000 again, they will recover strongly, and it is difficult to lose money by going long here. Unless the bulls give up resistance, the bull market is over. $BTC #非农数据大幅超出预期
The U.S. non-farm payrolls in December far exceeded expectations, and the Fed remained on hold in January. But this is no longer a bad news. The bad news has been almost digested after 12.18. The two weeks when the shorts were at their peak did not fall below 90,000, indicating that the support here is very strong. As long as it falls back to 9.3w-9.1w, you must buy the bottom and go long. The Fed's interest rate meeting on January 29 was not in line with expectations, and the expectation of a rate cut in March was released, which skyrocketed.
Remember, as long as the shorts fall to 93,300-91,300, buy the bottom and go long. Even if the shorts fall below 90,000 again, they will recover strongly, and it is difficult to lose money by going long here. Unless the bulls give up resistance, the bull market is over. $BTC #非农数据大幅超出预期
See original
$BTC Tonight's non-agricultural data + unemployment rate lead to negative news
Fall down twice, rebound twice, the rebound force is strong, I don't understand the ordinary
Binance has signs of whales buying the bottom, it is not recommended to short, buy some coins to avoid missing out $ETH $SOL #非农数据大幅超出预期 #比特币价格走势分析 #市场调整策略
Fall down twice, rebound twice, the rebound force is strong, I don't understand the ordinary
Binance has signs of whales buying the bottom, it is not recommended to short, buy some coins to avoid missing out $ETH $SOL #非农数据大幅超出预期 #比特币价格走势分析 #市场调整策略
See original
Generally, I only go through these four steps:
1️⃣ Determine the trend:
Use S/R or moving average alignment to confirm whether the current trend is upward or downward.
2️⃣ Start making expectations:
For example, if the first step determines it's a downward trend, when the price breaks below support, you can start anticipating a rebound short.
3️⃣ Wait for confirmation signals to come out, set stop loss and take profit to enter.
When the K-bar is blocked and closes down in the resistance zone, confirming the trend, and the height of the K-bar is almost equal to or higher than the previous green K-bar. In any case, it should not be a doji star.
The third step is very important because if the third step does not provide a confirmation signal, you cannot enter.
If you like contracts, enjoy studying charts and researching techniques, click on the avatar. I have years of experience and skills in the crypto space and share them freely. I'm waiting for you in the circle, always online, welcome to discuss and improve together.
1️⃣ Determine the trend:
Use S/R or moving average alignment to confirm whether the current trend is upward or downward.
2️⃣ Start making expectations:
For example, if the first step determines it's a downward trend, when the price breaks below support, you can start anticipating a rebound short.
3️⃣ Wait for confirmation signals to come out, set stop loss and take profit to enter.
When the K-bar is blocked and closes down in the resistance zone, confirming the trend, and the height of the K-bar is almost equal to or higher than the previous green K-bar. In any case, it should not be a doji star.
The third step is very important because if the third step does not provide a confirmation signal, you cannot enter.
If you like contracts, enjoy studying charts and researching techniques, click on the avatar. I have years of experience and skills in the crypto space and share them freely. I'm waiting for you in the circle, always online, welcome to discuss and improve together.
See original
#非农数据大幅超出预期
Discussing the Future of the Cryptocurrency Market
Bitcoin is developing rapidly, with a market value expected to surpass gold, becoming the second largest asset globally. Its appeal lies in decentralization and limited supply, leading to an increase in market recognition and the potential to surpass expectations.
In the competition among public blockchains, ETH faces challenges from SOL, which has improved its technology, enhanced stability, and reduced downtime, showing signs of replacing ETH. Decentralization of POS public blockchains often remains a concept, as data center chains can easily shut down, and ETH's cost-effectiveness is declining. The public is looking forward to a SOL-like fair, transparent, and low-fee trading environment. Web3 created a buzz but currently lacks innovation, with fixed gameplay. Last year's issuance of new forms like inscription tokens was short-lived and difficult to sustain, requiring disruptive innovation to activate.
The cryptocurrency market is fundamentally different from the Bitcoin market, as the cryptocurrency space is rife with chaos and scams, enticing investors to exchange Bitcoin for altcoins.
Currently, there are hundreds of thousands of altcoins, with only thirty outperforming Bitcoin this year, and even fewer expected in the next cycle. For investors looking to profit, the main focus should be on firmly holding Bitcoin.
#比特币价格走势分析
$BTC #btc
Discussing the Future of the Cryptocurrency Market
Bitcoin is developing rapidly, with a market value expected to surpass gold, becoming the second largest asset globally. Its appeal lies in decentralization and limited supply, leading to an increase in market recognition and the potential to surpass expectations.
In the competition among public blockchains, ETH faces challenges from SOL, which has improved its technology, enhanced stability, and reduced downtime, showing signs of replacing ETH. Decentralization of POS public blockchains often remains a concept, as data center chains can easily shut down, and ETH's cost-effectiveness is declining. The public is looking forward to a SOL-like fair, transparent, and low-fee trading environment. Web3 created a buzz but currently lacks innovation, with fixed gameplay. Last year's issuance of new forms like inscription tokens was short-lived and difficult to sustain, requiring disruptive innovation to activate.
The cryptocurrency market is fundamentally different from the Bitcoin market, as the cryptocurrency space is rife with chaos and scams, enticing investors to exchange Bitcoin for altcoins.
Currently, there are hundreds of thousands of altcoins, with only thirty outperforming Bitcoin this year, and even fewer expected in the next cycle. For investors looking to profit, the main focus should be on firmly holding Bitcoin.
#比特币价格走势分析
$BTC #btc
See original
In the cryptocurrency market, effective risk control strategies for investment products are essential. Here are some methods worth considering and applying by investors.
First, reasonably control the leverage ratio. Leverage is a double-edged sword; while it amplifies profits, it also magnifies risks exponentially.
Second, set stop-loss points. A stop-loss acts like a safety barrier for investors. When the price of Bitcoin moves unfavorably and reaches the pre-set stop-loss price, closing the position in a timely manner can effectively mitigate losses and prevent them from escalating further.
In summary, effectively utilizing risk control strategies is crucial for investors to better protect their asset security during investments. Even when facing severe market turmoil like this, it can help reduce losses as much as possible and avoid falling into dire situations.
Click on the avatar to follow me for free sharing of bull market strategy layouts and various contract spot reference points. Become my fan, and I will guide you to safety; you can just relax.
First, reasonably control the leverage ratio. Leverage is a double-edged sword; while it amplifies profits, it also magnifies risks exponentially.
Second, set stop-loss points. A stop-loss acts like a safety barrier for investors. When the price of Bitcoin moves unfavorably and reaches the pre-set stop-loss price, closing the position in a timely manner can effectively mitigate losses and prevent them from escalating further.
In summary, effectively utilizing risk control strategies is crucial for investors to better protect their asset security during investments. Even when facing severe market turmoil like this, it can help reduce losses as much as possible and avoid falling into dire situations.
Click on the avatar to follow me for free sharing of bull market strategy layouts and various contract spot reference points. Become my fan, and I will guide you to safety; you can just relax.
See original
Market trends often switch freely between rises and falls, which is normal. We cannot control the direction of the K-line fluctuations, but we can control ourselves. The following points can help us avoid detours and achieve better returns!
1. Hold onto low-price chips, don’t be easily fooled, stick to your own judgment, and beware of tricks from market makers.
2. Avoid chasing highs and killing lows; going all-in will only lead to losses. When the overall trend is positive, build positions in batches for lower costs and greater returns.
3. Distribute profits reasonably; don’t just keep adding to your positions without understanding how to release the potential of your funds.
4. Have strategies for rapid rises and falls; when prices rise quickly, first recover your costs, and during a sharp decline, remain steady, maintain a calm mindset, and avoid blind trading.
5. Understand the layers of speculation; early low-price positioning relies on experience, while later market speculation depends on technology and information—don't confuse the two.
6. Build positions in layers and trade in batches to create price gaps, effectively controlling risk and profit.
7. Familiarize yourself with the correlation effect; pay attention to the overall market rather than just focusing on the coins you hold, as the correlation effect can impact your decisions.
8. Balance your allocation between hot coins and value coins; ensure you have both returns and risk resistance.
9. Invest with spare cash, ensuring you have enough funds to cope with market fluctuations. Reasonable risk control and fund allocation determine your success or failure.
1. Hold onto low-price chips, don’t be easily fooled, stick to your own judgment, and beware of tricks from market makers.
2. Avoid chasing highs and killing lows; going all-in will only lead to losses. When the overall trend is positive, build positions in batches for lower costs and greater returns.
3. Distribute profits reasonably; don’t just keep adding to your positions without understanding how to release the potential of your funds.
4. Have strategies for rapid rises and falls; when prices rise quickly, first recover your costs, and during a sharp decline, remain steady, maintain a calm mindset, and avoid blind trading.
5. Understand the layers of speculation; early low-price positioning relies on experience, while later market speculation depends on technology and information—don't confuse the two.
6. Build positions in layers and trade in batches to create price gaps, effectively controlling risk and profit.
7. Familiarize yourself with the correlation effect; pay attention to the overall market rather than just focusing on the coins you hold, as the correlation effect can impact your decisions.
8. Balance your allocation between hot coins and value coins; ensure you have both returns and risk resistance.
9. Invest with spare cash, ensuring you have enough funds to cope with market fluctuations. Reasonable risk control and fund allocation determine your success or failure.
See original
Don't like live streaming? 😂Are you afraid of exposing the fact that you are a man? Dead fraudster, cryptocurrency worm. It's ok to open a copy contract of 1000u, but the spot is also 1000u? Aren't you the big brother? Aren't you very powerful? Why is it 1000u? You keep asking others to follow your orders. Aren't you letting you make money? #非农数据大幅超出预期
See original
$USUAL /USDT Technical Analysis
📍 Current Price: $0.6326
📊 Key Levels:
🟢 Support Level: $0.6200
🔴 Resistance Level: $0.6500
🎯 Target Price:
🎯 Target 1: $0.6450 (Short-term Resistance)
🚀 Target 2: $0.6700 (Important Breakout Area)
⚠️ Stop Loss Suggestion: $0.6100
📈 Market Insights:
USUAL/USDT is currently consolidating around the $0.6326 level, holding the key support level at $0.6200. In the short term, if the price can effectively break through the resistance level at $0.6500, it may further test the $0.6700 area, potentially opening up larger upward space. However, if it fails to break the resistance, the price may pull back to the support level or even readjust.
The market needs to closely monitor changes in trading volume. If the price breaks through the resistance level with increasing volume, it indicates a significant strengthening of bullish power, which may bring stronger upward momentum. But if it falls below the support level, further pullback risks should be noted.
💡 Operation Suggestions:
When the price reaches Target 1 ($0.6450), it is recommended to take partial profits while assessing whether to hold to Target 2 ($0.6700) based on market conditions. Set the stop loss at $0.6100 to reduce risk and protect principal. In cases of significant market volatility, adjust strategies in a timely manner to adapt to market changes.
USUAL/USDT is currently at a key technical level area; breaking the resistance is expected to open a new upward trend, but investors must be cautious of pullback risks and operate carefully in conjunction with market signals. Reasonable risk management and strategy adjustments are key to successful trading.
#非农数据大幅超出预期
📍 Current Price: $0.6326
📊 Key Levels:
🟢 Support Level: $0.6200
🔴 Resistance Level: $0.6500
🎯 Target Price:
🎯 Target 1: $0.6450 (Short-term Resistance)
🚀 Target 2: $0.6700 (Important Breakout Area)
⚠️ Stop Loss Suggestion: $0.6100
📈 Market Insights:
USUAL/USDT is currently consolidating around the $0.6326 level, holding the key support level at $0.6200. In the short term, if the price can effectively break through the resistance level at $0.6500, it may further test the $0.6700 area, potentially opening up larger upward space. However, if it fails to break the resistance, the price may pull back to the support level or even readjust.
The market needs to closely monitor changes in trading volume. If the price breaks through the resistance level with increasing volume, it indicates a significant strengthening of bullish power, which may bring stronger upward momentum. But if it falls below the support level, further pullback risks should be noted.
💡 Operation Suggestions:
When the price reaches Target 1 ($0.6450), it is recommended to take partial profits while assessing whether to hold to Target 2 ($0.6700) based on market conditions. Set the stop loss at $0.6100 to reduce risk and protect principal. In cases of significant market volatility, adjust strategies in a timely manner to adapt to market changes.
USUAL/USDT is currently at a key technical level area; breaking the resistance is expected to open a new upward trend, but investors must be cautious of pullback risks and operate carefully in conjunction with market signals. Reasonable risk management and strategy adjustments are key to successful trading.
#非农数据大幅超出预期
See original
Why do sharp declines often occur in a bull market?
Ultimately, this is mainly due to violent market cleansing.
In a bull market, retail investors tend to have higher loyalty and greater stickiness. If there is no sharp decline, it is difficult to wash them out of the market; sometimes a series of rapid declines is required to force most retail investors to sell and exit. Some may ask, why is it necessary to wash out retail investors?
Isn't it good for everyone to profit together in the cryptocurrency space? In reality, it is not. In the absence of new capital inflows in the cryptocurrency space, if retail investors are not washed out, the main players will need to spend a lot of capital to push up the coin prices. Moreover, there will be selling pressure from above.
Because during the upward process, once retail investors make a profit, they will choose to exit or take profits, which will significantly increase the resistance faced by the main players, as if the main players are 'carrying the sedan chair' for the retail investors.
If retail investors are washed out through sharp declines and they sell off, the main players can not only realize profits but also facilitate further increases in coin prices later on. In summary, the frequent sharp declines in a bull market are fundamentally rooted in the high stickiness of retail investors.
Therefore, if the operating strategy is inappropriate during a bull market, the losses faced by retail investors may be even more severe.
#非农数据大幅超出预期
Click on the avatar to see the homepage and follow me, a free communication community, sharing various potential cryptocurrencies daily, helping you to lay low on various hundredfold coins, allowing you to earn a fortune in this bull market.
Ultimately, this is mainly due to violent market cleansing.
In a bull market, retail investors tend to have higher loyalty and greater stickiness. If there is no sharp decline, it is difficult to wash them out of the market; sometimes a series of rapid declines is required to force most retail investors to sell and exit. Some may ask, why is it necessary to wash out retail investors?
Isn't it good for everyone to profit together in the cryptocurrency space? In reality, it is not. In the absence of new capital inflows in the cryptocurrency space, if retail investors are not washed out, the main players will need to spend a lot of capital to push up the coin prices. Moreover, there will be selling pressure from above.
Because during the upward process, once retail investors make a profit, they will choose to exit or take profits, which will significantly increase the resistance faced by the main players, as if the main players are 'carrying the sedan chair' for the retail investors.
If retail investors are washed out through sharp declines and they sell off, the main players can not only realize profits but also facilitate further increases in coin prices later on. In summary, the frequent sharp declines in a bull market are fundamentally rooted in the high stickiness of retail investors.
Therefore, if the operating strategy is inappropriate during a bull market, the losses faced by retail investors may be even more severe.
#非农数据大幅超出预期
Click on the avatar to see the homepage and follow me, a free communication community, sharing various potential cryptocurrencies daily, helping you to lay low on various hundredfold coins, allowing you to earn a fortune in this bull market.
See original
This wave of retracement of the big cake has not yet fallen below this meridian support. This position is also near the support of the previous few waves of testing.
The 9w mark has become a watershed, and it is also the most important position for the long-short game. The 10w position has become accustomed to going in and out.
As long as the position of the big cake is effectively supported, there is a certain reversal space. The periodic retracement test is indispensable for each market. Pay attention to 96000-98000 above the big cake and 90500-91800 below.
#非农数据大幅超出预期 #比特币价格走势分析
The 9w mark has become a watershed, and it is also the most important position for the long-short game. The 10w position has become accustomed to going in and out.
As long as the position of the big cake is effectively supported, there is a certain reversal space. The periodic retracement test is indispensable for each market. Pay attention to 96000-98000 above the big cake and 90500-91800 below.
#非农数据大幅超出预期 #比特币价格走势分析
See original
Pay attention to the position of 695.6 for BNB today. As long as the 1-2-4 hour levels remain above this position, the market will still go up. The targets/resistance levels above to watch are around 700.7-708.1-714.8!
If the 4-hour level breaks below 695.6 today and cannot rise again, this rebound will end, and the market will head down again. The support levels below to watch are around 690.2-686-680.7!
Follow me to check my profile introduction and start your journey to wealth! #bnb #非农数据大幅超出预期 #加密市场回调
If the 4-hour level breaks below 695.6 today and cannot rise again, this rebound will end, and the market will head down again. The support levels below to watch are around 690.2-686-680.7!
Follow me to check my profile introduction and start your journey to wealth! #bnb #非农数据大幅超出预期 #加密市场回调
美联储降息预期几何？追踪币圈实时热点、把握最佳成交机会！今天是2025年1月11日星期六，我是币富逍遥哥！各位币友早上好☀铁粉打卡👍点赞发大财🍗🍗🌹🌹
💎
💎
周五发布的报告显示，老美去年12月非农就业人数增加25.6万人，大超预期的16万人，此前两个月的数据略有下调。去年12月就业加速，失业率意外下降，为劳动力市场又一年的弹性画上句号，但同时支持了美联储放缓降息步伐的理由。数据公布后，现货黄金短线一度下挫近15美元，但随后强势收复全部失地；美元指数短线涨超50点，现有所回落；全球债市出现抛售，美债收益率冲高，2年期美债收益率升至4.36%，10年期美债收益率升至4.77%，30年期美债收益率升至5%以上。继令人震惊的非农就业数据之后，投资者现在将注意力转向定于下周三发布的12月CPI数据。目前预计美联储只会在2025年进行一次降息，最早将在6月。$BTC #非农数据大幅超出预期
💎
💎
周五发布的报告显示，老美去年12月非农就业人数增加25.6万人，大超预期的16万人，此前两个月的数据略有下调。去年12月就业加速，失业率意外下降，为劳动力市场又一年的弹性画上句号，但同时支持了美联储放缓降息步伐的理由。数据公布后，现货黄金短线一度下挫近15美元，但随后强势收复全部失地；美元指数短线涨超50点，现有所回落；全球债市出现抛售，美债收益率冲高，2年期美债收益率升至4.36%，10年期美债收益率升至4.77%，30年期美债收益率升至5%以上。继令人震惊的非农就业数据之后，投资者现在将注意力转向定于下周三发布的12月CPI数据。目前预计美联储只会在2025年进行一次降息，最早将在6月。$BTC #非农数据大幅超出预期
美联储降息符合我预期
61%
不符合我预期
39%
61 votes • Voting closed
See original
Have you kept up with the operations? The ban has also started to enjoy the benefits, and everyone's position is much lower than mine by a point, and we're still taking off. Everyone has at least a 2-point increase that can be realized, so the travel expenses for this weekend are secured.
Let's continue to take off high, so we can seize even greater opportunities to benefit.
#非农数据大幅超出预期 #加密市场回调
Let's continue to take off high, so we can seize even greater opportunities to benefit.
#非农数据大幅超出预期 #加密市场回调
Here is a code for you guys, to make some weekend pocket money:
ban, enter the market near 0.056 to buy more stocks, the next position is 0.0522, the target position is 0.658, just operate lightly.
Strive for a breakthrough at the hourly level, if successful, there will be a big rise.
#非农数据大幅超出预期
ban, enter the market near 0.056 to buy more stocks, the next position is 0.0522, the target position is 0.658, just operate lightly.
Strive for a breakthrough at the hourly level, if successful, there will be a big rise.
#非农数据大幅超出预期
Login to explore more contents