The Federal Reserve's 'slight holding of cash' policy struggles to prevent a bloodbath in the crypto market; behind the regulatory friendly signals may lie high-risk enticements
The news that the Federal Reserve allows employees to hold cryptocurrencies failed to boost the market, as mainstream coins collectively plummeted at ten o'clock last night, with ETH crashing over 100 points and BTC breaking through key support.
The policy itself is only aimed at improving regulatory awareness, without substantial favorable support.
In an environment of liquidity tightening and high leverage in derivatives, such news can easily be used by manipulators to create false rebound appearances for selling opportunities.
Investors are advised to be cautious of symbolic interpretations of policies; do not blindly bottom-fish until stabilization occurs, and strictly set stop-losses on existing positions. #加密市场回调
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