When the music ends, the crowd disperses, and heroes fade away.
It's time to say goodbye.
With success comes retirement, such is the way of the heavens.
Recently, Buffett plans to step down as CEO of Berkshire by the end of the year. The old man is getting old; he can no longer do it. Retirement and enjoying life is the right thing to do.
However, the theory of value investing will always shine brightly.
What comes should come, what goes should go,
What great wisdom and compassion this is.
Unlike some people, who claim power and dominance, insisting on doing so until death. This is not only the tragedy of cattle and horses but also the tragedy of the system.
On the other side of the world, Israelis and Gazans continue their age-old hatred. Watching the suffering and starving civilians, it is clear that this world is not peaceful. This world is still full of struggles, wars, hunger, terror; there is too much uncertainty in the world. The survival rule of the world remains survival of the fittest.
If the world cannot be peaceful, then the entire financial industry will always have ups and downs.
A couple of days ago, there was a surge, and a bunch of people wished to get rich overnight, cursing the heavens and the earth. Even I, who am cautious and avoid creating enemies, have been indiscriminately attacked. Today, BTC has started to correct; what should everyone say about this?
Currently, from the daily chart's perspective, the MACD has formed a dead cross and is trending downwards, indicating a short-term correction trend, with the formation peaking and starting to correct, which won't stop immediately. For spot traders, if you want to buy the dip, it's advisable to wait a bit longer. However, the overall trend is upward, and the correction won't be too deep. Currently, resistance is around 98,000, and support is around 89,000.
On the hourly chart, there is a significant drop in volume, and the MACD has not formed a golden cross; the short-term has not stabilized or stopped falling. It is not recommended to go long immediately. If you want to take a position, you can wait for a short-term stabilization pattern to form, with an increase in volume on the hourly chart and a higher bottom to go long, setting the stop loss at the previous low. You can also short on a rebound at 95,300, with a stop loss at 96,500 and take profit near 91,500.
From the three-day chart's perspective, the major cycle reversal has just begun, with several days of shrinking volume and rising prices, indicating possible inducement. The MACD has shifted from bearish to bullish, but the bullish strength is weakening. However, the major cycle has already reversed, with a focus on buying the dip. The support is around 89,000-86,000.
The world is ever-changing, and life is unpredictable. Price fluctuations also have cycles. The change in market conditions can sometimes be quiet and unexpected. But if you don't chase the rise or panic sell, you can save your life halfway; the other half still requires learning something. Relying on luck and gambling will ultimately leave you with nothing. $BTC