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#香港虚拟资产稳定币监管框架 The long order layout from last night validated the effectiveness of the short-term support.
After establishing a position near 86500, the price moved as expected, resulting in a rebound, reaching a high of around 88000. This 1500-point movement was mainly due to a technical correction following an intraday overshoot.
The market has shown significant buying support at this position, and short-term sentiment has improved somewhat. However, it is important to note that the sustainability of the rebound depends on whether it can hold above the key resistance level of 87500. $BTC is rising in sync, and the overall risk appetite is improving.