Market Highlights on August 2nd
1. Bitcoin's recent performance has been particularly extreme, facing significant pressure at the start of August. At this stage, it is not advisable to attempt bottom-fishing operations, as the trial-and-error costs are relatively high. In the short term, attention can be paid to the upper resistance level of 116,000.
2. Ethereum's performance has been sluggish, nearly 'crashing'; it is advisable to short rather than go long at the moment; however, attention should be paid to opportunities in the 3100-3200 range, where bottom-fishing may be considered.
3. The three major U.S. stock indices fell sharply yesterday, with Amazon alone losing over $200 billion in market value in a single day.
4. Trump publicly accused the employment data of being fabricated, calling for the replacement of the Bureau of Labor Statistics director and the Federal Reserve chairman, initially stating he would 'immediately replace Powell,' but later backtracked, saying it is highly likely he will continue to serve.
5. Bo Hines, Executive Director of Trump's Digital Assets Advisory Committee, revealed that Trump will 'soon' launch a Bitcoin reserve plan.
6. Grayscale announced an adjustment to the dividend distribution period for BTCC and BPI, changing it to once every two weeks.
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