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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,
In the crypto world, contracts are a battle of the mind, and those who are impatient will ultimately be consumed by the market. Remember: Position is mindset; excessive leverage is a shortcut to destruction, and reasonable planning is the foundation for longevity. Always set a stop loss for every order, and know when to take profits—there are always opportunities in the market; what's lacking is capital to survive until tomorrow. Do not chase the price or sell with bearish market; do not guess the top or bottom; the trend is your only fren. Admit mistakes promptly when losing, and learn to let go when making profits. There's no need to stare at market data late at night; rises and falls should not dictate your emotions. Stay calm and patient; in this battlefield without smoke, the greatest enemy is always yourself. If the mind is steady, the momentum will naturally follow.
In the early morning, Bitcoin strongly stabilized after a key support at 115,000, with bulls launching a counterattack, reaching a high point of 116,900, currently fluctuating around 116,700; Ethereum also exploded simultaneously, breaking through the 4,420 pressure level and rising unilaterally to the 4,525 line, forming a three consecutive bullish pattern on the daily chart, with movements linked but intensity not diminished.
The MACD golden cross on the 4-hour chart of Bitcoin shows enhanced momentum, and the Bollinger Bands are opening upwards, with 115000 having turned into a strong support platform; the moving averages of Ethereum on the 30-minute chart are in a bullish arrangement, with the support zone formed between 4420-4400. The active trading volume indicates sufficient market position confidence, and after short-term consolidation, an upward trend is expected to continue.
The big coin retraces to the 116000-115800 range for incremental long positions, with a stop loss set below 115300 and a target of 117500-118000; for Ethereum, make a low buy in the 4480-4450 area, with a stop loss below 4420 and a target of 4580-4600. In a bullish trend, strict stop losses are required to avoid sudden pullback risks. #美联储降息预期升温#