There's not much to write about tonight, just filling up some word count. Today, U.S. stocks opened significantly lower, with the Dow Jones down 1.12%, the Nasdaq down 1.59%, and the S&P 500 index down 1.24%. Major tech stocks fell broadly, with Nvidia, Amazon, Intel, TSMC, AMD, and META all down over 2%. Apple fell over 3%, with a market value evaporating by more than $100 billion. Trump threatened that if iPhones are not made in the U.S., a 25% tariff will be imposed on Apple.
After breaking historical highs, the Bitcoin (BTC) market is showing a trend of fluctuating upward movement. The price saw a slight pullback after breaking through a key psychological barrier, but overall remains at a high level. The current BTC price is fluctuating around $111,000, with a daily high of $111,880 and a low pullback to $110,828, maintaining above $111,000.
BTC briefly fell below $108,000, with a drop of 2.626%, indicating short-term market volatility. Key levels are $110,000 (psychological barrier), $108,000 (recent concentrated trading area), and $106,000 (technical support). Bitcoin ETF saw a net inflow of $934.8 million in one day, indicating that institutional investors are still accumulating. There is a clear outflow trend of BTC from exchanges, indicating an increase in long-term holders and tightening market supply. Short-term moving averages (MA5, MA20) are still in a bullish arrangement, supporting the upward trend of BTC. The 14-day RSI is at 58.672, in a neutral to strong range, not yet entering an overbought state. The MACD histogram is shortening, indicating a slight weakening of short-term upward momentum. In the short-term outlook, if BTC can stabilize above $110,000, it is expected to further challenge targets of $116,000 or even $128,000. If it falls below $108,000, it may trigger a short-term pullback, but the overall bullish structure remains intact, and the pullback could be a buying opportunity.
The A-share market is showing an overall trend of fluctuating adjustment, with all three major indices closing down. However, some sectors such as pharmaceuticals, automobiles, and chemicals performed strongly against the trend, showing structural differentiation in the market. The Shanghai Composite Index closed at 3,348.37 points, down 0.94%, while the Shenzhen Component Index closed at 10,132.41 points, down 0.85%. The ChiNext Index closed down 1.18%, with a total trading volume of 1.16 trillion yuan, which was an increase from the previous day but did not reach the critical threshold of 1.3 trillion yuan. Over 4,200 individual stocks fell, indicating a generally weak market sentiment, but there were still 41 stocks hitting the daily limit up, showing localized activity. The net outflow of main funds was 37.5 billion yuan, with a net outflow of 14.6 billion yuan from large orders and a net outflow of 22.9 billion yuan from medium orders. Innovative drugs (Hengrui Medicine's H shares surged 25.2% boosting A-share sentiment), AI pharmaceuticals (+2.15%), and CRO (+2.08%) showed strong performance. Yong'an Pharmaceutical hit the daily limit up, and Sanofi's collaboration with Pfizer resulted in three consecutive limit ups. The controlled nuclear fusion concept (+2.96%): due to the progress of international nuclear fusion experimental reactors and policy stimulus, Haheng Huadong hit the limit up, and Rongfa Nuclear Power also hit the limit up. Tensions in the Middle East have increased demand for gold as a safe haven, with gold stocks such as Lai Shen Tong Ling rising. Expectations for new energy vehicle policies and positive sales data have led to a significant inflow of main funds into the sector. Shipping ports (-3.24%) saw Nanjing Port hit the limit down as previous speculative funds withdrew. Stocks in gaming, trade, and diversified finance all fell over 2%.