Anna's Crypto Market Review: Short-Term Positives Have Emerged, Long-Term Still Needs Observation

Short-Term Impact: Clear Upward Signal

Sentiment: Hong Kong-based Chinese securities firms have been permitted for the first time to provide compliant cryptocurrency trading services, directly stimulating market expectations for institutional entry into mainstream coins (BTC/ETH). After the announcement, Bitcoin rose instantly by +1.18%, reflecting short-term buying pressure.

Liquidity Expectations: The license upgrade of Guotai Junan International will attract traditional financial funds to enter the crypto market through compliant channels, with expectations of increased funds positively impacting coin prices.

Long-Term Assessment: Cautiously Optimistic

Positive Factors:

Policy Endorsement: Hong Kong continues to promote the compliance of virtual assets, which may attract more Chinese institutions to participate in the medium to long term, enhancing market depth.

Product Expansion: The introduction of financial products such as over-the-counter derivatives may bring more complex investment strategies and increase market activity.

Risk Points:

Regulatory Pace: If policies tighten in other regions (such as the US), it may offset the positives from Hong Kong.

Actual Demand: The speed at which institutional funds enter depends on traditional investors' risk appetite for cryptocurrencies, requiring observation of subsequent account openings and trading data.

My View:

Short-Term: It is feasible to position accordingly, but be wary of pullbacks after the positives are realized (watch if BTC can hold key resistance levels).

Long-Term: Wait for more actual evidence of institutional participation (such as custody scale, derivative trading volume) before assessing whether a trend upward will form.

Summary: The news serves as a “short-term catalyst,” but a long-term bull market requires more progress in compliance and alignment with the macro environment. Remember to set stop-losses! $BTC $ETH #香港加密概念股