1 cryptocurrency Overview

Someone told you that the RMB weakened again and the US dollar strengthened in early trading today. This exchange rate change may have an impact on the A-share market.Last Friday, US stocks hit another record high. Affected by favorable conditions and external environment, China's assets rose sharply, once rising in early trading, but quickly diving in intraday trading.Let me tell you what happened. However, it should be noted that the structure of the whole market is changing. First of all, a number of A-share high-end stocks fell sharply at the opening, and cross-border links, Huluwa, Zhangzhou Development, Guifaxiang, etc. hit the limit, while Nissin Seiki and Shenzhou High-speed Railway fell sharply. Moreover, although the index performed well this morning, the number of stocks on the daily limit decreased significantly, while the stocks on the daily limit increased slightly. The downward adjustment of high-end stocks led to a collective correction of demon stocks. Judging from the main flow, the accelerated decline of heavyweights led to the outflow of funds, which led to the decline of the market. Especially around 11: 30.

Last Friday, US stocks hit another record high. Affected by favorable conditions and external environment, China's assets rose sharply, once rising in early trading, but quickly diving in intraday trading.Of course, some technical experts will tell you that A-shares are weak in the morning, the volume is low, and small and medium-sized stocks collectively fall back, which may be a signal of market adjustment.

Some people even tell you that Bitcoin continues to rise, breaking through $10,000. The price increase of this cryptocurrency may reflect the change in the market's preference for risky assets.This is a technical adjustment. Why do I say this? The market has been moving steadily these days, but the funds found that they could not move, and they could not move at all, and they were sideways for several days, so they accelerated their outflow. Demon stocks switch between high and low, and the recent shrinkage is serious.Let me tell you what happened. However, it should be noted that the structure of the whole market is changing. First of all, a number of A-share high-end stocks fell sharply at the opening, and cross-border links, Huluwa, Zhangzhou Development, Guifaxiang, etc. hit the limit, while Nissin Seiki and Shenzhou High-speed Railway fell sharply. Moreover, although the index performed well this morning, the number of stocks on the daily limit decreased significantly, while the stocks on the daily limit increased slightly. The downward adjustment of high-end stocks led to a collective correction of demon stocks. Judging from the main flow, the accelerated decline of heavyweights led to the outflow of funds, which led to the decline of the market. Especially around 11: 30.