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🇨🇳 Stablecoins now explicitly banned — Especially RMB (yuan)-linked stablecoins. Issuance without regulatory approval is prohibited, including by offshore entities affiliated with Chinese firms 🏦 Tokenized assets/RWA also face strict oversight or outright bans unless very narrowly approved under state-controlled frameworks.China is distinguishing traditional cryptocurrencies from tokenized assets, but both remain tightly regulated 📊 Chinese Crypto Scene (Market & Analysis) Still-live crypto news platforms like CoinDesk Chinese Edition continue to report on global crypto price movements, protocol developments, and blockchain coverage $BTC $BNB
Reasoning: Trying this risky short setup at the retest of $73K resistance, remember that my original POI is still the $85K level where we will take the big short and I believe we will get to see the retest of that level at some point soon, but meanwhile we cannot ignore the fact that we had a 3D and 1D close below this important $73K level and its worth taking the risk on a short at this level.
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