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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
#美联储降息预期升温# Recently, Bitcoin has shown signs of weakness after reaching a new high, with the technical indicators releasing obvious false breakouts, and the short-term market has turned to a downward trend.
From the analysis of multiple time frames, the daily level is still in a consolidation phase, but the 1-hour chart has shown a bearish pattern, and both the 30-minute and 5-minute time frames have confirmed the formation of a downtrend. It is worth noting that there has been a consolidation during the decline at the 5-minute level, which may indicate that after a brief respite, it will continue to move downward. In terms of trading strategy, attention can be paid to the price performance after rebounding to the position of the major moving averages, continuing to maintain a bearish approach.
Ethereum has also initiated a 30-minute level correction trend, with short-term support around 4490. If it rebounds to the 4550-4570 range, consider entering a short position.
The overall market is in a major consolidation phase, but is experiencing a process of bullish and bearish transitions in the short time frame. Investors need to closely monitor the performance at key price levels and flexibly adjust their trading strategies.