The US has upgraded its crypto control, and the project party cannot escape the scrutiny.

The US CFTC said it would launch crypto enforcement actions within half a year. Two days ago, the US SEC accused SOL and other currencies of being securities and asked Coinbase to remove related currencies. The US crypto control has come in a big way.

Since the US launched ETFs and issued the crypto draft, it has been talked about many times that US control will continue to escalate. The reason is that the US has made money on crypto assets. Wall Street originally despised crypto assets, but the ETF trading volume has exceeded their cognition. What gold and silver did not do before, BTC has done.

Not only that, the fines they earned from CZ and SBF far exceeded their expectations. It is rumored that the US is going to fine CZ several hundred million. CZ replied disdainfully: I still have tens of billions.

On the other hand, U's parent company TEDA has become one of the top ten shareholders of US debt circulation. The US saw this and their eyes were red. It can be said that the crypto circle is rich enough to rival a country. It would be strange if the US did not target the crypto circle.

But for users, it is a good thing. Faced with the long-arm jurisdiction of the United States, the project owners can catch you even if they go to Antarctica. For example, two days ago, the foreign network questioned the falsification of SUI's circulation volume, which caused huge controversy. Not only the circulation volume, but also several pitfalls in playing copycats.

The platform faked coins to smash the market. In 2019, liquidity was exhausted. Some people suddenly found that the orders on the market were more than the total amount. Later, when the bull market came, some platforms ran away. Everyone realized that the platform took the user's coins to smash the market, and even faked the volume to smash the market, and waited until the low point to buy it back. The platform is the biggest short.

Everyone took out the coins, making DEX hot, but new "pits" were born, and the project owners announced that the coins on the chain were stolen.

So the inscription became popular, not because of how good the technology is, but because there are too many pitfalls in the copycats, and everyone just wants a relatively fair trading environment.

If you have the energy and time, you can carefully choose the copycat target, otherwise it is better to choose mainstream coins such as BTC to better avoid risks.

BTC:

There are many abnormal movements in dormant addresses, which have a negative impact on BTC. BTC has risen along the 5-day line, and the hourly line has fallen back. With the weakening of long volume, the top selling pressure has been confirmed. BTC is still in a volatile trend. The upper $64,588 is the key point of the resistance line. As for standing firm at $64,588, it can build a bottom and strengthen, entering a new round of upward trend. Next, BTC will rise and test $64,588.

Resistance: 64588, 64726, 65135

Support: 63142, 61985, 60987

ETH:

40,000 ETH were transferred to K-net, and the ETF was postponed, which had an expected selling pressure on ETH. ETH was flat on the 5-day line, and the hourly line was accompanied by a large volume of pins, entering a triangular convergence trend. The upper $3152 is the key point of the resistance line formed on April 29 and May 6. Only by standing firmly at $3152 can it build a bottom and strengthen, and enter a bullish upward trend. Next, ETH will rise to test $3152.

Resistance: 3152, 3236, 3325

Support: 3038, 2968, 2896

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