📊 Mid-Age Retail Investor Self-Help Daily | 2026.02.28 (Saturday)

🇨🇳 A-shares | Three consecutive months of gains, a good start to the Year of the Horse
February’s market officially closed, with the Shanghai Composite Index rising a total of 1.09% for the month, marking the third consecutive month of gains. This week saw a rare independent trend—while the U.S. “Seven Sisters” stocks collectively weakened, and Nvidia plunged over 5% in a single week, A-shares defied the trend and moved upward, with the Shanghai Composite Index gaining 1.98% for the week, closing at 4162.88 points, just 3 points shy of the near ten-year closing high of 4165. Over 4,000 stocks in the market closed higher.
The logic of A-shares is shifting from “following the external market” to being driven internally, and this signal is worth noting. In terms of sectors, AI (domestic substitution route), humanoid robots, and pro-cyclicals continue to be the two main themes. In March, pay attention to policy catalysts during the Two Sessions window period, and don’t hold too much cash.
🇺🇸 U.S. Stocks | Close lower on Friday, tech stocks remain under pressure
U.S. stocks closed lower on Friday, with the Dow, Nasdaq, and S&P 500 falling 1.05%, 0.92%, and 0.43% respectively. All three major indices recorded weekly declines. Nvidia’s earnings exceeded expectations but its stock price fell for two consecutive days, closing down 4.16%; Microsoft dropped 2.24%, Apple fell 3.21%; notable gains included Dell up 21.93% and Netflix up 13.77%.
UBS downgraded the U.S. stock rating to Neutral, citing a weakening dollar, high valuations, and rising policy risks, and pointed out that 45% of recent capital flows are moving outside the U.S. Market sentiment is voting with their feet—European stocks and emerging markets are taking over, and this trend is unlikely to reverse in the short term.
💰 Crypto | $67K sideways, waiting for catalysts
February was the darkest moment in the crypto world. Bitcoin from its October high of about $126,000 experienced a maximum drawdown of over 45%. On February 5th, the single-day decline Z-score hit -6.05σ, one of the fastest crashes in crypto history. The total liquidation for the month reached $300-400 million, with Bitcoin futures accounting for $200-250 million.
Currently, BTC is consolidating around $67,000, with open interest down about 6%, funding rates turning negative, leverage significantly cleared, and RSI dropping below 21 into extreme oversold territory. These are all bottom signals, but a rebound requires catalysts.
Key resistance: $68,300, with a breakout targeting $69,000–70,000. Support levels: $67,400 / $66,500, with a break below targeting $64,000.
There are three reasons to go long: leverage has been cleaned out, long-term holders continue to withdraw coins from exchanges (net outflow of 20,000 BTC in January), and the Bitcoin Fear & Greed Index remains at 11 (extreme fear). Historically, this position is a golden window for medium-term accumulation.
Risks include: Trump’s 15% global tariff impact, Iran-U.S. geopolitical tensions driving funds into gold and cash safe havens, and ETF institutions shifting from buyers to sellers. Gold spot prices have broken through $5,200/oz, and silver surged nearly 6% in a single day—market risk aversion remains high.
🌍 Macro | Persistent inflation, geopolitical tinderbox
In January, the U.S. core PPI rose 0.8% month-over-month, far exceeding expectations, reaffirming inflation stickiness. The expectation of rate cuts continues to be pushed back, which is a core variable suppressing risk assets. Additionally, tensions between the U.S. and Iran continue to escalate; the U.S. and UK have evacuated some embassy personnel in the Middle East, oil prices rose over 2%, and gold spot prices are at $5,259/oz.
📌 Today’s Summary
A-shares are currently the most certain market, with clear logic, policy support, and internal driving forces—hold steady and don’t mess around. U.S. stocks are under short-term pressure, but the divergence in stocks like Dell and Netflix indicates structural opportunities still exist. Bitcoin’s bottom area shows clear characteristics, but don’t expect a V-shaped reversal. Gradually accumulating around $67K with stop-loss setups is the right approach for middle-aged investors—after all, we can’t afford to lose, but we can wait.
This daily report is for reference only and does not constitute investment advice. The market carries risks; please trade cautiously.