Pelosi has to visit Taiwan for the sake of face, the mainland has to open fire for the sake of face, and the currency market has to drop for the sake of face!

hot spot

Today, the most lively part of the day is Pelosi's visit to Taiwan. At present, the media in Taiwan has given a clear landing time for Pelosi, that is, 10:43 tonight. The war sentiment of netizens here in China It has been completely inspired, and Zhao Lijian and Hua Chunying have spoken very hard to the outside world, so if Pelosi really visits Taiwan, there should be force demonstrations in China, and the news of Pelosi's visit to Taiwan has already caused a stir. As we all know, she is in fact difficult to ride a tiger. If she cancels her visit to Taiwan, it means that American politicians will admit their counsel and can only conduct diplomacy in accordance with the wishes of the Chinese government. Although various Chinese media have sent a fighting signal to the world today, it is considered to be a gift to the world. Pelosi went down a step, but Pelosi should be ashamed to admit at this time, so there is bound to be a good show to be staged at night. As for the US stock market and currency market, you can actually refer to the eve of the Russian-Ukrainian conflict. Considering the short-term Uncertainty is too great, so the global financial market trend is likely to be ugly​.

Yesterday, the United States announced the US July ISM manufacturing index data, which was better than the expected 52 and lower than the 53 in June, which is generally good. In addition, the price payment index performed well, creating a new low in the past two years, the largest decline in 2010. This data may be a signal that inflation has peaked, but the specific CPI data released on August 10th​.

In addition to the data released by the United States, other countries have also released some important data and policies. Among them, the Reserve Bank of Australia announced its interest rate decision in August, which resulted in an interest rate hike of 50 basis points to 1.85%, the highest level in more than six years. Subsequent statements were widely seen as dovish. In addition, South Korea first announced the CPI data for July. The data showed that it rose by 6.3% compared with June, setting a record since the financial crisis in November 1998. Experts predict that the CPI increase for the whole year of this year may exceed 5%.

Today, the exchange ZB issued an announcement to suspend the withdrawal business. The official reason given is that some core applications suddenly malfunctioned, and it takes time to investigate. The reason for this is a bit ambiguous. It is very likely that there is no money or it has been stolen. The platform of Zhongbi was still a serious exchange before 94 in 2017. After going overseas, it has been committed to uploading coins and capital disks. Word of mouth and users have already collapsed, and you must be careful when using this exchange.

Binance announced the details of BUSD reserves yesterday. As of June 30, BUSD had $738 million in cash backing, accounting for 4.21% of the total reserves, and $10.6 billion in U.S. Treasury bills with a maturity of less than 90 days, accounting for 10% of the total reserves. 60.5%, while repurchase agreements account for more than 35% of reserves. Binance said that BUSD is backed by Binance, and Paxos is the issuer. Both are regulated by the New York Department of Financial Services (NYDFS). Paxos stores client assets in accounts that are segregated from company funds. If Paxos fails, NYDFS will release funds. returned to the user. This reserve structure is relatively safe, and the announcement of the funds behind it at this time should also be in response to the next stablecoin regulation bill. From my point of view, BUSD is not a big problem.

Polygon announced in its official Telegram community today that the MATIC unlocking contract has unlocked 1,386,609,632 MATICs since April 21, 2021, but no one has claimed them so far, and the Polygon Foundation will claim these tokens. Among them, 640 million MATICs will be allocated to the team, and will be directly pledged by the co-founders after claiming; 200 million MATICs will be allocated to pledgers from May 2021 to December 2021; the rest will be allocated to the foundation, and the team will Update the community on the trends of the Foundation wallet in advance. When I saw this announcement, I was instantly stunned. What the hell is unclaimed? It means that if I claim this coin next year, it will be gone, and I will resolutely eliminate all the possibility of getting rich by finding an old wallet.

Quotes

BTC: Bitcoin’s 4-hour level has not stabilized yet. In the past, this retracement did not have a clear support signal, but we have made a clear analysis yesterday, and the rebound will continue from the perspective of large-cycle signals, so now we just need to wait patiently A short-term support signal, the rebound continues after stabilization.

At the 4-hour level, the lower support is around 22200 and the upper resistance is around 24000.

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ETH: eth is also affected by the external environment. After all, the current situation is very similar to the eve of the Russian-Ukrainian war. If China and the United States really go to war, then the crypto market will definitely be affected a lot. In addition, ETH has accumulated a certain amount of money some time ago. The profit has been made, so this callback can be regarded as risk aversion. However, although there are many uncertainties in the short-term ETH, the merger in September is still a good expectation. In the short-term, as long as ETH does not fall below 1500​, it should still be an upward channel. Long-term Looking at ETH is also one of the crypto assets worth investing in.

[Disclaimer] The above content does not constitute any investment advice. According to the relevant documents of the "Risk Warning on Preventing Illegal Fund Raising in the Name of [Virtual Currency] [Blockchain]" issued by the China Banking and Insurance Regulatory Commission and other five departments in August 2018, please Look at the blockchain rationally, and don’t blindly trust others. The digital asset market is extremely volatile and risky, and you need to be highly cautious when entering the market.

[Risk Reminder] Digital assets fluctuate greatly and the risks are extremely high. Please participate with caution, put an end to the full-cow stud, and refuse loan leverage.