$BTC South Korea approves stricter crypto exchange regulation amendment ๐ฅ
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๐ข $BTC South Korea approves stricter crypto exchange regulation Short-term bearish ยท Multi-cycle resonance
โ ๏ธ Technicals: On the daily timeframe, the EMA shows a choppy range-bound structure, but the 4H and 1H have already formed a bearish arrangement diverging downward. The 4H ADX is as high as 42, indicating a very strong downtrend. The MACD is very likely in the phase after a dead cross, with the green histogram continuing to expand. On the 4H timeframe, volume has shrunk to only 0.34xโthere is no clear sign that the sell-off trend is weakening. Daily support is at 62228 and resistance at 66284. The current price is in a weak position around the mid-band. The 4H bearish trend is significantly stronger than the daily consolidation. Cycle divergence is evident.
๐ข Market updates: South Korea has approved an amendment to tighten crypto exchange regulation. Heightened regulatory scrutiny has raised concerns about capital outflows. Combined with the incident where the Coldcard wallet was hacked for $110 million, risk-avoidance sentiment has intensified both inside and outside the market, further increasing short-term selling pressure.
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๐ Watch for first-hand market moves and anomalies ๐
#ๆๆฏๅๆ #ๅคๅจๆๅ ฑๆฏ #้ฉๅฝๆนๅไฟฎๆณๆถ็ดงๅ ๅฏไบคๆๆ็็ฎก #BTC
๐ When trading, pay attention to whether the candlestick patterns match
โโโโโโโโโโโโโโโโโโโโ
๐ข $BTC South Korea approves stricter crypto exchange regulation Short-term bearish ยท Multi-cycle resonance
โ ๏ธ Technicals: On the daily timeframe, the EMA shows a choppy range-bound structure, but the 4H and 1H have already formed a bearish arrangement diverging downward. The 4H ADX is as high as 42, indicating a very strong downtrend. The MACD is very likely in the phase after a dead cross, with the green histogram continuing to expand. On the 4H timeframe, volume has shrunk to only 0.34xโthere is no clear sign that the sell-off trend is weakening. Daily support is at 62228 and resistance at 66284. The current price is in a weak position around the mid-band. The 4H bearish trend is significantly stronger than the daily consolidation. Cycle divergence is evident.
๐ข Market updates: South Korea has approved an amendment to tighten crypto exchange regulation. Heightened regulatory scrutiny has raised concerns about capital outflows. Combined with the incident where the Coldcard wallet was hacked for $110 million, risk-avoidance sentiment has intensified both inside and outside the market, further increasing short-term selling pressure.
โโโโโโโโโโโโโโโโโโโโ
๐ Watch for first-hand market moves and anomalies ๐
#ๆๆฏๅๆ #ๅคๅจๆๅ ฑๆฏ #้ฉๅฝๆนๅไฟฎๆณๆถ็ดงๅ ๅฏไบคๆๆ็็ฎก #BTC
๐ When trading, pay attention to whether the candlestick patterns match