🚨Breaking! US banking lobbying group pressures to delay approval of crypto licenses for companies like Circle and Ripple, claiming "policy divergence and legal uncertainties".
This directly hampers the compliance process for crypto, and short-term market sentiment will surely be impacted. Looking at the BTC 5-minute chart, although it surged violently from 116467, under negative sentiment, BTC, ETH, and others may face downward pressure, with assets related to Ripple and Circle seeing even sharper sell-offs.
Action: Light positions in spot trading for hedging, contracts can consider opening light short positions due to negative sentiment, set stop-loss at key resistance levels; if there is an excessive decline, take small positions to speculate on rebounds, but don’t go heavy as regulatory pullbacks can reverse at any time, control positions + stop-loss for safety!
The crypto compliance faces a "shadow war", bearish in the short term, long-term watching for the outcome of the game, keep a close eye on news, and follow the rhythm closely!
