To The Moon

Hong Kong stocks rose, starting the week on a firm note, after an official report over the weekend spurred optimism that consumer demand was improving in the world's second largest economy, with positive investor flows also boosting sentiment. The Hang Seng Index advanced over 1% this morning. The Hang Seng Tech Index gained over 2% today. Economists largely attributed the gain in consumer inflation to seasonality, in which the Lunar New Year fell in February in 2024 against in January a year earlier. The recovery in consumer prices is a welcome sign of improved domestic demand. However, we are not yet out of the woods with trade still facing uncertainty and the property drag ongoing, which means policymakers will need to keep a proactive stance. For such, I am optimistic for Chinese ADRs

In my opinion, Bitcoin’s recent price fluctuations highlight the inherent volatility of the cryptocurrency market. While the surge to $67,002.84 after Tuesday’s sell-off is encouraging, the rapid swings from historic highs to lows below $60,000 raise concerns about market stability. It’s difficult to determine whether this is the start of a sustained rally or merely a temporary uptick before another downturn. Given the unpredictable nature of Bitcoin and the multitude of factors influencing its price, I believe it’s crucial for investors to remain cautious and informed, adapting their strategies accordingly to navigate the uncertainty ahead.

$Bilibili Inc.(BILI)$ share price reacted positively after its recent financial report announcement. Share price traded above EMAs and formed a intermediary swing low, which is a bullish signal, indicating a potential reversal point. Similarly, $JD.com(JD)$ share price also reacted positively its recent financial report released with a gapped up. Share price closed above EMAs in last trading session with increased volume, indicating strength. $Baidu(BIDU)$