Overnight US stocks plunged, leading Bitcoin and gold to also fall sharply, primarily due to Microsoft's and other high-tech companies' third quarter earnings reports falling short of expectations. This news is favorable for A-shares and beneficial for international capital flowing into A-shares. Domestic capital is no longer flowing into US stocks and gold. Today, A-shares are sure to rise at the opening.

Bitcoin reached a low near 697, and Ethereum reached a low near 2503, both touching the lower Bollinger Band on the 4-hour chart. We will see if it can hold; it is highly likely that it will not hold because A-shares will rise at the opening. Therefore, this morning, it is suggested that aggressive traders short at 2525-2530 and 706-708, while conservative traders short at 709-713 and 2535-2545. Support levels below are 688-680 and 2440-2400. If support holds, one can consider a small position for long. #比特币白皮书16周年 #A股 #比特币 #以太坊