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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,
1. BTC Institutional Price Structure Analysis and Strategy
1. Taking BTC/USDT perpetual as an example, consistent with previous analysis, the bulls dominate in the short term, with the current main direction being bullish. The daily level shows oscillation upwards, with the upper limit constrained by the bears at 128830;
2. The recent bearish pressure level is 116638. Near this level, attention can be paid to 1-hour cycle "Institution Strong Turning Point Model" (for detailed explanation of this model, you can refer to the replay video of "K-line Digital Code").
Above 3.110856, the market bulls are generally active, and a short-term rebound is expected, which has an attraction for ETH. It is not recommended to blindly chase high prices. Conservative investors should focus on low buying based on the "Institutional Strong Turning Point Model" during pullbacks, and it is not advisable to blindly chase more near the resistance level.
2. ETH Institutional Price Structure Analysis and Strategy
1. Taking ETH/USDT perpetual as an example, the current main direction is bullish. Considering that the price structure has not changed significantly, the previous viewpoint remains unchanged. Below 4831, the bulls are oscillating upwards, continuing to consolidate. Its important support level is 4206. Above this level, the bulls continue to build strength. Conservative investors need to increase their confidence and time in holding positions.
2. If it falls back to around 4206 again, you can refer to the "Institution Strong Turning Point Model" ( for a detailed explanation of this model. You can follow the "K-Line Digital Password" for the replay of the live video ) to try a small position for a long, with strict stop-loss; if it breaks 4206, the upward trend ends and the downward trend begins, adjust your trading strategy.
3. The short-term bearish pressure level is at 4526. If this level is surpassed, we will continue to look higher to 4831. Considering the short-term bullish outlook for BTC, short positions need to be defended in a timely manner to guard against a rapid and significant upward surge by the bulls that catches us off guard. Conservative investors should primarily focus on buying on dips, with high shorts as a supplementary strategy or avoiding shorts altogether, forgoing some mediocre trading opportunities.
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Disclaimer: The information and opinions in the above report are for the reference of the reviewer only and should not be considered as advice for actual investment transactions. Investors should assess whether to use the content of the report based on their personal investment goals, financial situation, and needs, and independently make investment decisions and bear the corresponding risks.