The U.S. CFTC is advancing crypto market rules, and the SEC is considering changes to its custody framework. Expectations for regulatory compliance are rising, but this has not lifted SKHYNIX. I believe it will remain under pressure in the short term, tracking the broader market. Selling pressure has not eased, and the funding rate is just 0.0117%, indicating weak bullish sentiment. Any rebound is more likely to be a corrective bounce than a reversal.

Down 2.5% over 24 hours, with the current price at 1287.2. It pulled back from a high of 1329.2 to a low of 1256.5. The 1-hour and 4-hour trends are both downward; the price is 6.95% and 8.76% below the high, and just 1.51% and 0.79% above the low, respectively, suggesting downside momentum is narrowing. Trading volume is 87,000, open interest is 36,000, and the order book bid-to-ask ratio is 1.00. The top 10 levels show 290 buy orders versus 289 sell orders—slight buying-side dominance, but with limited strength.

Strategy: Go lightly short on a rebound to 1301.5, with a stop-loss at 1321.8 and a target of 1263.4. If a pullback to 1256.5 holds, consider a short-term long, with a stop-loss at 1243.2 and a target of 1288.6. Keep position size below 20%; exit immediately if the level breaks, and don’t hold on to losing positions.

—These are solely my personal views and do not constitute investment advice. Wishing you successful trading.—

$SKHYNIX#U.S. CFTC advances crypto market rules; SEC plans to adjust custody framework