September 25, 2024
The A-share market is so strong that it has recovered the 3,000-point mark after two consecutive days of gains. Today, the Shanghai Composite Index soared 3.61%, with building materials, food, real estate, consumer and alcohol ETFs rising by 10%. It is rare to see multiple ETFs hit the daily limit. In addition, the trading volume has exceeded one trillion yuan for two consecutive days. This wave of gains is a rise in both volume and price. Theoretically, it will continue to rise, which is a bit like a bull market. The timing of the release of this wave of policies is quite meaningful. It will rise for 3-4 days first, and then build momentum for the National Day holiday. If it can't go up, it will be really difficult. Of course, some stockholders have already hoped that there will be no holiday for the National Day.
According to the special number of 3,000 points, today is definitely a memorable day, not "holding" but "recovering what was lost". For the A-share market, my attitude is not to play big, at most just invest in some index funds. After all, after so many years, even if this bull market really comes true, it is what the deeply trapped stockholders deserve. In addition, it is also a good thing if the A-share market really soars. Only in this way will everyone be willing to invest their savings. Only when the A-share market makes money, there will be more money overflowing, and some of it will naturally flow into crypto assets.
We who work on Web3 have a big vision. We are not jealous when we see the neighbor's stock price rise, and we will not step on or scold it. Instead, we are happy for our stockholder friends. But we should not be impatient. The rise of A-shares this time is mainly due to policies. Whether the policy bottom can be formed remains to be seen. The key to whether the market bottom can be formed is whether liquidity can gradually increase and affect the stock market. Similarly, the Fed's interest rate cut cycle has begun. It is only a matter of time before liquidity affects the capital market corresponding to the US dollar. Generally, it will start to work in 3-6 months.
Finally, let's talk about the market. Bitcoin and Ethereum have not fluctuated much. The key to the market is whether Bitcoin can break through the pressure of 65,000 points. On the contrary, the support below is far away, at 55,000 and 50,000 points. According to this oscillating trend and the performance of the copycat, the probability of this short-term breakthrough is relatively high. However, Bitcoin is under great pressure from above. 70,000-75,000 is a heavy resistance zone. Therefore, if it really breaks through 65,000, I will continue to implement the plan of reducing positions.
Thank you for your attention and likes.
