The crypto market has had a relatively uneventful run these last seven days.
But with some markets getting stretched and more regulatory speak promised in the next 24 hours, are we due for some volatility?
Today’s issue focuses on this week’s upcoming response from the SEC regarding crypto regulation and what it could mean for BTC, ETH, and others.
I’ll discuss the key support areas I’m watching should we get a dip and provide updates on my ETH and LINK longs. I’ll also cover how I plan on trading a 5-10% dip should we get it.
More Regulatory Changes Coming to Crypto This Week?
Earlier this month, U.S. Senator Elizabeth Warren gave the Securities and Exchange Commission (SEC) until the end of the month to determine its role in regulating cryptos.
Then, a July 7th letter from the senators who chair that particular committee gave Gary Gensler and the SEC until July 28th to provide answers.
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