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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,
9.12BTC/SOL/ETH market analysis: The upward attack has been declared.
Yesterday's market chose to rise again, breaking through the MA50 on the daily chart. The consecutive green candles here indicate that next week will be the beginning of the upward movement. The initial target for this rise is around the 12W position, and we will look for short signals when the 3-day line shows specific indications. Additionally, the current trend suggests the possibility of weekend overtime, so we will continue to look for long opportunities today.
$BTC today's short-term support is at 114400, as long as this level holds, it will continue to rise. The range of 113900-114400 is a good entry point for long positions. If there is no overtime work on the weekend and it instead consolidates sideways, it is also possible to see a spike down to 112900 before rebounding. The resistance above Bitcoin is at 118700 and 119500; unless there is a clear top signal on a smaller time frame, we should not consider going short for now.
$SOL has solved the kidney deficiency problem and is rising strongly. Currently, 229-227 are short-term support levels. If you want to short, you can only wait for the daily resistance level at 252. Otherwise, given the character of SOL, the bears will surely be buried.
$ETH Ethereum's short-term support today is 4450, which, if not broken, can rebound; 4410 is also a support level. If there are no spikes over the weekend, a bearish view can be taken at the support of 4370. The short-term resistance above at 4560 must hold with consecutive bullish candles to see the resistance level at 4610. Until reaching these two levels, bearish positions should also be cautious.
In summary, the current trend on the daily chart suggests the possibility of working overtime over the weekend. The consecutive bullish days here are bound to drive an upward movement next week, with the target range initially set around 120,000. Once we get there, we will look at specific models, and the specific signals will determine the subsequent trading strategy! (Follow the department head for daily updates on the latest market analysis and precise entry points. Long and short positions are for reference only, and strict stop-loss and take-profit measures should be implemented.)