Bitcoin Market Analysis (August 3, 2022)

[Yesterday's review] Three Fed officials delivered speeches on different occasions. San Francisco Fed President Daly said that the Fed still has a lot of work to do to bring the inflation rate back to its target level of around 2%, and our determination remains firm. , we will work together in this direction. Cleveland Fed President Mester said she hoped to announce that the Fed had achieved its goal of curbing inflation after there was very convincing evidence that month-on-month price growth had slowed. Chicago Fed President Evans said it would take at least two data release periods to see improvement in inflation data. Hopes for a 50bps rate hike at the September meeting and 25bps each at the November and December meetings to bring the benchmark rate to 3.25%-3.5% by the end of the year, a level that could slow growth and lower inflation.

US stocks fell in late trading last night, the Dow closed down 1.22%, and the S&P 500 closed down 0.66%. Most of the airline stocks and steel stocks fell, and the popular Chinese concept stocks rose. The dollar index fluctuated upwards, recovered the 106 mark, and finally closed up 0.873% at 106.32. U.S. Treasury yields rose across the board, with the 10-year Treasury yield climbing to 17 basis points to 2.743%, and the 3-year Treasury yield soaring to over 20 basis points to over 3%. Gold fell back quickly after failing to test the $1,790 mark, closing down 0.62% at $1,761.45 an ounce.

A woman's itinerary, the financial market performance is mediocre. In fact, Pelosi's itinerary plan will not affect the financial market in essence, as it turns out. Then last night, the whole country was boiling, and everyone was discussing the taste of war in each group. What I want to say is that everyone must have their own thinking and cognition, and don't be led by the media, especially those students who have climbed outside the wall to speculate on coins, don't follow others' opinions, have their own thinking and cognition, the official If you talk too much, you may not be able to fight, and you can't really fight. Maybe you will fight under the premise of good. In the end, it is not the common people who are injured and suffer. War is such a cruel thing, so don't brush your guns. It is best to get out of the way, and the high-level people are still relatively calm and rational.

Solana ecological wallets (including Phantom, Slope) may be affected by unexplained vulnerabilities, and large-scale theft incidents have occurred. BlockBeats hereby reminds users to transfer assets as soon as possible and revoke trusted application permissions.慢雾监测显示，目前为止共有超8000 个Solana 钱包被盗，约5.8 亿美元流向以下4 个地址： 地址一：Htp9MGP8Tig923ZFY7Qf2zzbMUmYneFRAhSp7vSg4wxV 地址二：CEzN7mqP9xoxn2HdyW6fjEJ73t7qaX9Rp2zyS6hb3iEu 地址三：5WwBYgQG6BdErM2nNNyUmQXfcUnB68b6kesxBywh1J3n 地址四：GeEccGJ9BEzVbVor1njkBCCiqXJbXVeDHaXDCrBDbmuy

Solana Status officially posted on social media that engineers from multiple ecosystems are investigating this large-scale wallet theft with the help of several security companies. There is currently no evidence that hardware wallets will be affected, and the investigation will progress as soon as possible. Announce follow-up information.

PayPal reported second-quarter earnings on Tuesday, with earnings that beat analysts' expectations. According to Seeking Alpha, trading revenue was $6.27 billion, up 8 percent from a year earlier, and accounted for 92 percent of all revenue, including fees for buying and selling cryptocurrencies. The company reported total revenue of $6.8 billion, up 9% year over year, beating estimates by $20 million, and non-GAAP EPS of $0.93, beating estimates by $0.06. 2022 revenue is expected to exceed $27 billion, while 2021 revenue is expected to be around $25 billion. Shares of PayPal rose 13% in after-hours trading on Tuesday after the earnings report, trading at around $89.63. In addition, hedge fund Elliott Investment Management disclosed its $2 billion stake in PayPal, making it one of its largest investors.

Stock and cryptocurrency trading platform Robinhood announced financial data for the second quarter of 2022: revenue increased 6% sequentially to $318 million; trading-based revenue fell 7% sequentially to $202 million, of which cryptocurrency trading revenue increased 7% sequentially to $58 million. Assets under custody (AUC) fell 31% sequentially to $64.2 billion, driven primarily by lower market asset valuations.

[Bitcoin market analysis] There is still no obvious support signal for Bitcoin at the 4-hour level. The current trend is still a shock to find a support position, and the lower support is near 22000. The upper resistance is near 24,000. If it stands firm at 24,000 again, the broader market will continue to rebound and then touch the position near the real resistance above 28,000.

[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.