Hong Kong banks get licensed, key to bear market survival!

Two major banks in Hong Kong (HSBC and Standard Chartered related entities) have obtained stablecoin issuance licenses! The regulation has been officially released, and an important step has been taken towards the compliance of Hong Kong dollar stablecoins. The signal of deep integration between traditional finance and cryptocurrency is strong. The Crypto Fear Greed Index is only 16, extremely fearful! Under the risk aversion sentiment, traders are looking for bear market survival strategies, such as the landing of stablecoin licenses or injecting certainty into the market. Technical analysis of daily cycle (as of April 10th): Prices continue to fluctuate at high levels, with a large number of upper and lower shadow small entity K-lines closing, and the divergence between buying and selling intensifies. The bearish candlestick rebounded in the early stage, but it is still under critical pressure. The hourly chart oscillates narrowly, and multiple tests of 72000 resistance have failed, indicating a gradual strengthening of bearish forces. The MACD daily red bar has increased in volume and momentum, and the RSI is approaching the strong 60 zone. The EMA moving average provides some support, indicating a high probability of sideways volatility. At this time, Binance has guaranteed fund security, strong liquidity, thick depth, and low risk of zero insertion, making it easy for professional traders to observe the K-line and trading volume in real time and stabilize their position in bear market fluctuations. Register now to receive dividends! [ https://jump.do/zh-Hans/xlink-proxy?id=3 ]Register for 10%+$500 cashback Risk Warning: The content of this article is for reference only and does not constitute investment advice. The market is risky, and investment needs to be cautious.