Amazon's acceptance of bitcoin payments at the end of the year was confirmed as false news.
Yesterday, because the so-called insiders reported that Amazon will accept bitcoin payments at the end of the year, the market went through a wave of good market sentiment, and the market sentiment was also quite good. However, in the early hours of this morning, the news was slapped in the face.
In late US trading on Monday (July 26), Amazon (AMZN.O) denied rumors that it plans to launch a cryptocurrency in 2022. Not only that, but it also denied plans to accept bitcoin payments this year.
Before the news came out, Bitcoin once rushed to $40,000, but after the news came out, the market quickly fell back. We also analyzed this news yesterday, but we still remind everyone that this news has not been officially recognized, and you should be more vigilant. The official news shall prevail, but it is unexpected that things will really reverse later.
This unverified news can be widely disseminated in the market, and it has also led to a simultaneous rise in the market, or it is true that some bulls and dealers deliberately spread the news to pull the market. Either the market fell too low some time ago, and the market sentiment was too low, so there was a retaliatory rebound, and after the good news appeared, it was equivalent to adding fire.
But Amazon does not have anything to do with cryptocurrencies. An Amazon spokesperson said that it will continue to explore cryptocurrencies and look forward to good news from Amazon.
Going back to Tesla, last night Tesla announced its financial report for the second quarter. This time Musk did not lie. Tesla’s financial report showed that it did not sell Bitcoin, and currently holds $1.3 billion in Bitcoin. Tokens, only 10% were previously sold to test liquidity.
At present, the average price of Bitcoin held by Tesla is almost above 29,000 US dollars, less than 30,000 US dollars. Before that, Bitcoin was not sold when it rose above 60,000 US dollars. In the case of little short-term profit, the probability of selling is not high. .
However, Tesla did not buy new cryptocurrencies. The next time Tesla makes a move about Bitcoin is likely to be Tesla re-accepting Bitcoin payments.
There is another news that caused panic in the market today, that is, Beijing Huomou Network Technology Co., Ltd. applied for a resolution to dissolve. According to the news, this company is the main company of Huomou in China, which has caused the market to speculate whether this is true.
However, it is reported that this is the attention of Huo’s registration in Beijing in the early years, but it is not the operating entity of the trading platform. This entity has not carried out any business, so there is no need to continue to exist, so it applies for cancellation. Don’t panic too much.
Back to the market, the trend last night was basically consistent with what we said in the afternoon. Before the US stock market opened and announced the financial report in the evening, the market broke through 40,000 US dollars. After the financial report was announced, the short-term market immediately began to fall. , but the overall trend is not bad.
The lowest position in the day today started to rebound at 36,000 US dollars, which shows that the bulls in the market still exist, and this wave of rebound has brought the market directly from the downturn to the upper half of the shock, which can also be called optimistic. Next, we still need to pay attention to where the callback rebound after this wave of rise can be stabilized.
US$36,000 is the dividing line of the market in the short term, and it is also the support of the recent market. For the upper pressure level, we should first look at US$40,000. in the absence of external stimuli.
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