August 4 Market Highlights
1. Bitcoin's recent performance has been particularly extreme, facing significant pressure at the start of August. At this stage, it is not recommended to engage in bottom-fishing operations as the cost of trial and error is relatively high. In the short term, attention can be paid to the temporary resistance at the 116,000 level above.
2. Ethereum's performance has been sluggish, nearly 'collapsing'; currently, it is advisable to short rather than go long. However, pay attention to opportunities in the 3100-3200 range, where bottom-fishing can be considered.
3. The three major U.S. stock indexes saw a sharp decline yesterday, with Amazon's market value evaporating by over $200 billion in a single day.
4. Trump publicly accused the employment data of being falsified, calling for the replacement of the Labor Statistics Bureau director and the Federal Reserve Chair, initially claiming that he would 'immediately replace Powell', before later stating that it is highly likely he will remain in position.
5. Bo Hines, Executive Director of Trump's Digital Asset Advisory Committee, revealed that Trump will 'launch' a Bitcoin reserve plan 'as soon as possible'.
6. Grayscale announced an adjustment to the dividend distribution cycle for BTCC and BPI, changing it to a distribution every two weeks.
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