Market Analysis - Bitcoin is testing support levels on the weekly chart, with varying signals across exchanges like Bybit, Coinbase, and Binance, leading to uncertainty in short-term trading strategies [1] - The analysis suggests an open experimental approach to determine which exchange's technical analysis proves more accurate [1] - A bullish divergence is observed in the intraday chart, indicating potential buying pressure despite widespread short positions [1] - The analyst is closely monitoring price action at a key resistance level, watching for either a rejection or a breakout signaling a shift in market structure [1] - The analyst is watching for a potential W pattern formation on the 4-hour chart, which could signal a significant bullish reversal if confirmed by increasing volume [1][2] External Factors - The analyst is closely monitoring the US stock market, noting its recent weakness and potential for a rebound, which could positively influence Bitcoin [1] Trading Strategy - The analyst suggests waiting for a consolidation period followed by a strong bullish candle before considering a long position, emphasizing the importance of a solid retracement level [1][2] - The analyst advises caution against buying into immediate dips without proper consolidation, suggesting a potential for further downside [1] - The analyst points out Bybit, Binance, and OKX as preferred exchanges due to their discounted transaction fees and access to a Discord community for real-time market updates and educational resources [2]

Core Viewpoint - The A-share market experienced fluctuations with all three major indices retreating after initial gains, while the financial technology sector faced significant declines, particularly in financial software and internet brokerage stocks [1][3]. Market Performance - On November 7, A-shares showed a volatile adjustment, with total trading volume reaching 2 trillion yuan. The financial technology theme index fell over 2%, nearing its six-month line, with many constituent stocks in the red [1]. - The financial software sector saw substantial losses, with Shenzhou Information leading the decline at over 8%, while other stocks like Yingshisheng and Runhe Software dropped more than 4% [1]. - Internet brokerages also performed poorly, with stocks like Guiding Compass and Dazhihui falling over 2% [1]. ETF Insights - The Baijia Financial Technology ETF (159851) opened lower and closed down 2.17% at 0.855 yuan, with a total trading volume of 520 million yuan. Despite this, there was a net subscription of 169 million units, indicating continued capital inflow [1][4]. - Technical analysis suggests potential buying points, with significant capital inflow observed. The ETF's price has tested the 0.852 yuan level twice, possibly forming a "W" bottom, with strong support expected at the six-month line [1]. Sector Analysis - Factors suppressing the financial technology sector include overall stagnation in the securities sector, a divergence between strong performance and market conditions, and negative news affecting key stocks like Guiding Compass [3]. - The current market trend is shifting towards traditional cyclical and dividend sectors, impacting the performance of technology growth stocks [3]. Future Outlook - Open Source Securities suggests that the A-share market is in a "slow bull" phase, with continued revaluation of sectors. They recommend focusing on internet brokerages and financial IT as promising areas [3]. - Non-bank financials are expected to benefit from the slow bull market, with potential for profit and valuation increases during the capital market upcycle [3]. Investment Recommendations - It is advised to pay attention to the financial technology ETF (159851) and its linked funds, which cover a wide range of themes including internet brokerages, financial IT, cross-border payments, and AI applications [4]. - The financial IT sector is highlighted for its cost rigidity and significant profit elasticity during bull markets, with certain companies expected to enjoy valuation premiums due to market share growth [5].

Group 1 - The core viewpoint emphasizes the importance of stop-loss strategies in trading, particularly in the volatile gold market, where price fluctuations can be rapid and significant [1] - Recent trading patterns in gold show a tendency for quick declines followed by rebounds, with key resistance levels identified at 3250 and 3414, while support levels are noted around 3200-05 [3] - The analysis suggests that if the price breaks below the 3200 level, it could lead to further declines towards 3160, 3120, and eventually the significant psychological level of 3000 [1][3] Group 2 - The recent U.S. CPI data exceeded expectations, but its impact on gold prices was limited due to broader geopolitical and tariff-related concerns, leading to a price drop after an initial spike [3] - The current trading strategy recommends a cautious approach, suggesting to observe the market without taking positions until a clear breakout from the established range occurs [3] - The analysis indicates that maintaining a stop-loss and adjusting positions based on market movements is crucial for managing risk in the current trading environment [1]