随着监管机构的升温，加密货币涨势暂停

周一，加密货币市场在当天早些时候飙升后陷入停滞，比特币跌至 63,300 美元附近。美国监管机构对加密货币公司的压力，包括 Robinhood 的 SEC Wells 通知，促成了这一逆转。尽管出现回调，但大多数加密资产仍高于上周的低点，另类加密货币的表现参差不齐。

Crypto Rally Stalls as Regulators Intensify Scrutiny

随着监管机构加强审查，加密货币涨势陷入停滞

The recent crypto rally experienced a temporary pause on Monday during U.S. trading hours as Bitcoin (BTC) retreated to approximately $63,300. This pullback coincided with increased pressure from U.S. regulators on cryptocurrency companies.

随着比特币 (BTC) 回落至约 63,300 美元，最近的加密货币涨势在周一美国交易时段暂时暂停。此次回调恰逢美国监管机构对加密货币公司施加的压力加大。

A move above $65,000 earlier in the day was swiftly reversed, and prices faced further downward pressure after the popular brokerage Robinhood (HOOD) disclosed that its crypto division had received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) over the weekend. Such notices typically precede enforcement actions against companies.

当天早些时候突破 65,000 美元的走势迅速逆转，在受欢迎的经纪公司 Robinhood (HOOD) 披露其加密部门周末收到美国证券交易委员会 (SEC) 的威尔斯通知后，价格面临进一步下行压力。此类通知通常先于针对公司采取的执法行动。

Despite the retracement, the overall crypto market remains relatively strong, with most crypto assets firmly positioned above their recent lows. BTC has declined by 1.5% over the past 24 hours, but it still maintains a 10% gain since Wednesday.

尽管出现回调，但整体加密市场仍然相对强劲，大多数加密资产牢牢定位在近期低点之上。 BTC在过去24小时内下跌了1.5%，但自周三以来仍保持了10%的涨幅。

Various alternative cryptocurrencies exhibited mixed performance. Ether (ETH), Dogecoin (DOGE), Shiba Inu (SHIB), and Polygon's native token (MATIC) experienced declines ranging from 2% to 3% during the day. However, Solana (SOL) and Ripple-adjacent XRP displayed relative strength, advancing by 4% and 6%, respectively. The broader market gauge, CoinDesk 20 Index (CD20), declined by 0.3%.

各种替代加密货币的表现参差不齐。以太币 (ETH)、狗狗币 (DOGE)、柴犬 (SHIB) 和 Polygon 原生代币 (MATIC) 当天跌幅在 2% 至 3% 之间。然而，Solana (SOL) 和瑞波币附近的 XRP 表现出相对强势，分别上涨 4% 和 6%。更广泛的市场指标 CoinDesk 20 指数 (CD20) 下跌 0.3%。

Despite the rally's pause, crypto hedge fund QCP Capital has observed renewed demand for Bitcoin call options for September with strike prices of $75,000 and $100,000. This suggests an increased level of optimism among market participants that BTC will continue to climb higher over the coming months.

尽管涨势暂停，但加密货币对冲基金 QCP Capital 观察到 9 月份对比特币看涨期权的需求重新出现，执行价格分别为 75,000 美元和 100,000 美元。这表明市场参与者对比特币将在未来几个月继续攀升的乐观情绪有所增强。

"We are seeing some bullish follow-through in volatility and [funding] rates following the reversal bounce from Friday and into the weekend," QCP Capital stated in a Monday market update.

QCP Capital 在周一的市场更新中表示：“在周五和周末的逆转反弹之后，我们看到波动性和[资金]利率出现一些看涨的后续走势。”

Rumors of Hong Kong ETF Expansion Fuel Market Recovery

香港ETF扩容传闻推动市场复苏

Rumors of broadening access to the newly listed Hong Kong spot Bitcoin and Ether ETFs for Chinese investors have potentially contributed to the rapid recovery from last week's market lows.

有关扩大中国投资者在香港新上市的比特币和以太币 ETF 现货交易范围的传言可能有助于股市从上周低点快速复苏。

Richard Byworth, managing partner of Syzcapital, indicated in an X post that there is ongoing talk in Hong Kong about including these crypto products in the Stock Connect facility. This development could allow qualified mainland Chinese investors to gain access to eligible shares listed in Hong Kong.

Syzcapital 管理合伙人 Richard Byworth 在 X 帖子中表示，香港正在讨论将这些加密产品纳入沪港通设施。这一进展可以让合格的中国大陆投资者获得在香港上市的合格股票。

Theoretically, such a move could have a significant impact by opening the floodgates to Chinese capital seeking alternative asset investments amidst the current downturn in the real estate and stock markets.

从理论上讲，此举可能会产生重大影响，在当前房地产和股市低迷的情况下，为寻求另类资产投资的中国资本打开大门。

However, it is important to note that Chinese investors have historically been excluded from crypto ETFs, and there has been no official communication regarding any rule changes.

然而，值得注意的是，中国投资者历来被排除在加密货币 ETF 之外，而且目前还没有关于任何规则变化的官方沟通。

Technical Analysis Suggests Potential for Further Declines

技术分析显示进一步下跌的可能性

Bitcoin ended last week with a bullish tone, swiftly rebounding from its pullback to $56,000. However, according to John Glover, chief investment officer at crypto lender Ledn, there remains a possibility of a more significant price decline before the current correction from March's all-time high of $73,000 concludes.

比特币上周以看涨基调收盘，从回调中迅速反弹至 56,000 美元。然而，加密货币贷款机构 Ledn 的首席投资官约翰·格洛弗 (John Glover) 表示，在 3 月份历史高点 73,000 美元的当前回调结束之前，价格仍有可能出现更大幅度的下跌。

"Although the dip to $56,500 may have completed the correction, I still expect to see a price of $52-55,000 before wave 4 completes," Glover explained, referring to the Elliot Wave theory.

“虽然跌至 56,500 美元可能已经完成了修正，但我仍然预计在第 4 波完成之前价格会达到 52-55,000 美元，”格洛弗在谈到艾略特波浪理论时解释道。

The Elliot Wave theory is a form of technical analysis that assumes asset prices move in repetitive wave patterns. The theory suggests that price trends consist of five distinct waves, where waves 1, 3, and 5 are impulse waves that represent the primary trend, while waves 2 and 4 are retraces between the impulsive price movements.

艾略特波浪理论是一种技术分析形式，假设资产价格以重复的波浪模式波动。该理论表明，价格趋势由五个不同的波浪组成，其中波浪 1、波浪 3 和波浪 5 是代表主要趋势的冲动波浪，而波浪 2 和波浪 4 是冲动价格变动之间的回撤。

"Once the [corrective] wave is completed, I expect that the Wave 5 push to circa $92,000 will ensue," Glover concluded.

格洛弗总结道：“一旦[修正]浪完成，我预计第 5 浪将随之推向约 92,000 美元。”