The overall market has been significantly healthier than last week in the past couple of days. Although it hasn't continued to surge, being able to hold steady after a rebound is a very positive signal, conducive to extending this repair market. Currently, BTC is still repeatedly confirming support around 90,000, while ETH is testing the 3,000 line multiple times. From a structural perspective, it is highly likely that this period of volatility will have a downward break in the future, but as long as the previous low around 80,000 is not lost, even if it experiences a second or even third test, it is a regular bottom building trend.
Today, I also saw a piece of not-so-good news, which is that the regulatory authorities have once again emphasized the need to continuously strengthen the management of crypto-related activities. In the past period, the cancellation of some industry meetings has indirectly proven this point. To put it realistically, expecting local funds to enter the market on a large scale to push up the market in this context is almost impossible. The poor performance of this round of altcoins is not only due to the varying quality of projects but also the bigger issue of too few new users and a lack of incremental funds, making it difficult for hot spots to sustain. This is a common reality that needs to be faced in the coming months.
Another reason why the market is likely to be challenging is that there is indeed a lack of sufficiently strong new narratives within the circle. Recently, the BNB chain attempted to reignite ecological enthusiasm, although it did bring out a few short-term hot spots, the overall continuity is not strong. Instead, the concept of "stock coins" (tokenization of stocks) is being tried by more platforms, such as certain trading platforms that recently launched stock coin trading. If this track really takes off, it will be a new breakthrough for the entire crypto market.
Speaking of stock coins: they generally belong to the category of RWA (real-world assets on-chain), but currently, liquidity is limited, and the custodial model still requires more trust accumulation. However, from a more macro perspective, the promotion of RWA and interest rate market-related businesses indicates that the underlying architecture of DeFi is still being continuously improved.
Everyone, pay attention and don’t get lost, thank you! Strategies will be publicly disclosed in the square at any time, just wait for the position, everyone can wait quietly!
#香港稳定币新规 $BTC #美联储重启降息步伐 $ETH #美SEC推动加密创新监管 $ZEC
Currently, there's no problem being short in the short term, just take a hit and leave, remember to manage your losses and positions well!
