Is the recovery wave of FXS/USDT over?

Currently, the price is running towards the H4 resistance until it can break through $6,742, so Long players should be careful. Currently, I still prioritize a long short order to get to where it should be, SL: 6,742

MARKET NEWS WEDNESDAY, JULY 5 📈

+ FTX moves the time to open the claim portal from July 3 to the coming weeks

+ There is a proposal calling on the Hong Kong Government to issue stablecoins to compete with USDT & USDC

+ The British Senate promotes a bill empowering the Government to confiscate illegal Crypto

+ South Africa requires Crypto exchanges to register their operations with the Financial Conduct Authority

+ Gemini sets a $1.5 billion debt repayment schedule for DCG and Genesis with the deadline to agree to an agreement at 3:00 a.m. on July 7

+ Ethereum community proposes to issue new token standard ERC-7265 to improve security of DeFi protocols

$ETHW has broken the downtrend and formed an uptrend in the short term, the current price will continue to go up to $3.

🔝To combat excessive inflation, the European Central Bank (ECB) has adopted a strategy of increasing interest rates in recent months.

🏦In a meeting before the European Parliament, ECB President Christine Lagarde emphasized the bank's commitment to price stability.

🌍This change in monetary policy has far-reaching implications not only for Europe but also for the rest of the world.

The bank's goal is to ensure inflation returns to the medium-term target on the right schedule.