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Privacy coins have recently been embroiled in controversy, with involvement in telecom fraud cases raising deep questions about their compliance attributes. Regulatory pressure continues to intensify, and investor panic is spreading, leading to a large-scale sell-off and putting heavy pressure on the entire privacy asset sector. From a technical perspective, sell-off signals are evident, and signs of large holders gradually exiting have appeared. The risk of further short-term decline cannot be ignored. The core appeal of privacy features, once a key attraction, is now facing a redefinition of value under the new environment of strict regulation. Warning signs of a liquidity crisis require close attention.
Regarding Bitcoin, the current price is fluctuating around 433.53 USDT. The technical support level is set at 380.85, about 10.67% below the current price; resistance is at 435.2, only 2.07% above. A further resistance zone appears in the range of 484.66-486.36. Considering the proximity to resistance levels, it may be prudent to place short orders at resistance, setting the breakout of resistance as a stop-loss point to manage short-term upward risks.