The stock god Buffett has finally announced his retirement and stepped down as CEO. The old master has become legendary in the investment world, and Buffett's investment philosophy will be firmly remembered in history, with the legendary stories of the old master being passed down.
The weekend market showed relatively light fluctuations. The non-farm payroll data released this past Friday was better than expected, leading to a rebound in the dollar from its lows, while Bitcoin faced resistance and retreated after a surge.
From the four-hour perspective, Bitcoin encountered resistance at the $98,000 level and retreated. However, there was no further significant downward movement on the four-hour chart, and Bitcoin has strong support around the $95,000 level.
From the daily chart perspective, Bitcoin formed a small bearish candle yesterday, indicating that the upward momentum has weakened, and there is a demand for further downward correction.
Closely watch the strong support at the daily level around $92,000. As long as Bitcoin does not strongly break through the strong support at the $92,000 level on the daily chart, there shouldn't be much of a problem. The bullish trend of Bitcoin may just be consolidating before it further rallies.
Ethereum is still showing weak rebounds, and the daily chart has not formed a valid breakout. Ethereum faces significant resistance above.
In the short term, Ethereum has not even been able to recover the $1,920 level, so I am not optimistic about a strong rebound for Ethereum.
I have repeatedly emphasized that Ethereum is completely broken. I do not recommend making medium to long-term plans for Ethereum in the short term; it can only be traded in short-term waves, and once profits are made, one must exit immediately—never hold any positions on Ethereum.
The strong resistance above for SOL at the daily level is around $180, while the first strong support at the daily level is at $135, with super strong support at $120.
Next Thursday at 2 AM, there will be a Federal Reserve interest rate decision. However, based on this past Friday's U.S. non-farm payroll data, the probability of Powell cutting rates seems low. I estimate it is likely to maintain interest rates, so everyone, please stay tuned.
