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Dogecoin and Ripple's ETF still have to wait, it is not easy for altcoins to break out

Recently, the U.S. Securities and Exchange Commission (SEC) announced that it has postponed the decision on two cryptocurrency ETF applications that were originally scheduled for a decision soon until June of this year. One of these ETFs is primarily based on Dogecoin (DOGE), and the other is primarily based on Ripple (XRP), applied for by Bitwise and Franklin Templeton respectively. In other words, these two popular 'altcoin' ETFs still have to wait and cannot be listed for the time being. $XRP $DOGE #SEC推迟多个现货ETF审批

In fact, it is not just these two companies. Another company, 21Shares, has also submitted an application for a Dogecoin ETF, preparing to list on NASDAQ. These companies are all very proactive, wanting to secure a place in the crypto market boom. Currently, Dogecoin's market value is about $26 billion, while Ripple is even higher, reaching over $130 billion, both being among the 'front row' projects in the crypto space.

However, although there are many applications, it is not easy for these altcoin ETFs to actually materialize. The SEC has already received over 70 related applications this year, but most investors are still focusing their attention on Bitcoin. After all, Bitcoin is like 'digital gold,' with a clear positioning and high recognition; whereas altcoins each have their own characteristics, some even have a bit of entertainment value, making them less appealing to traditional institutions.
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The SEC's delay this time is not necessarily a bad thing. Rather than rushing to launch, it is better to give the market more time to understand these coins and allow for clearer regulation. When the timing is right, perhaps altcoin ETFs can truly 'break out.'

$BTC The market makers in the Asian market don't seem to know what they're thinking, how can they keep buying at this price? During the live stream last night, I made two charts from different perspectives of the weekly price. Just for the family to reference. Those who didn't watch the live stream last night can also check the replay, which includes a chart-making tutorial.

Let's start analyzing from the perspective of the first chart: If this 95600 is the high point of this rebound, I think it's quite good. If it pulls back and then adjusts for a while before forming a weekly W-shaped pattern, there will be a chance to push towards 150000.

Analyzing from the perspective of the second chart: If this round just directly V-bounces to 110000, then 110000 will be the endpoint of this bull market. Because the pattern is not good, if it doesn't form a weekly W-bottom pattern, it will form a weekly M-top pattern. So if it goes straight up to 110000 and then declines, the 60000 can’t be held.

Let's also take a look at the weekly chart of Ethereum: Personally, I don't think Ethereum will rebound immediately. Think about it, below 2000 the Ethereum Foundation is selling, and Trump's team is also cutting losses. Is it possible to rise in the short term? Moreover, there hasn't been enough time for accumulation after the drop; the main forces won't be so kind to come down and let us on board and then immediately rebound to let us make money. So I think it will continue to oscillate and decline...

Why do I say not to play Ethereum? Because Ethereum is currently the fastest and most powerful coin for cutting retail investors. Why do I say this? Because many new retail investors have a misconception that Bitcoin is too expensive to afford, while Ethereum is now over 10,000 RMB and has huge potential. So, retail investors are all playing Ethereum; the more people playing it, the larger the capital flow, and the easier it is to cut retail investors. No matter how high the coin price is, what you invest is your principal's profit. Coins can be split for purchase, so don't have this misconception that you can't afford it. If you can't understand Bitcoin and can't make money from it, then you'll lose money even faster on other coins.

Contract Strategy:

XRP shorted around 2.3 the day before yesterday, currently using 2.3 as the break-even stop-loss position.

BTC in incremental mode, shorting in the range of 95000-95300 with 10x leverage and 20% position size. Stop-loss position: 97850, Take-profit position: 91346, closing half at 欢迎加入币安王牌BlackGodBit的顶级策略聊天室。.

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In the turbulent sea of the cryptocurrency market, the inflow of Bitcoin ETFs is like a fast boat sailing against the tide, continuously attracting the attention of institutional investors. In stark contrast is the predicament of Ethereum ETFs, as if encountering monstrous waves, with funds constantly flowing out and asset management scale hitting a historic low. The gap between the two not only reflects the market's choice but also reveals the hidden risks and opportunities in cryptocurrency investment.
#ETF批准预期
Why are so many altcoins rushing to apply for ETFs? It's like a wave at a concert, whether it's classic tracks played by a band or emerging compositions, all hope to be 'heard' by more investors through the ETF platform. Even though the Ethereum ETF has experienced disappointing fund outflows, altcoins continue to sing loudly on this stage. They may not be as straightforward as Bitcoin, but each altcoin has its unique melody; some focus on speed and efficiency (like Solana), while others concentrate on cross-border payments (like XRP). These characteristics allow them to occupy a place in diverse investment demands.
$BTC $XRP $SOL
However, can this ETF fever truly lead to a beautiful ending? The failed experience of Ethereum serves as a wake-up call for investors: high costs and complex value propositions make its ETF less attractive, even leading some investors to question whether altcoins can find their place in it. Nevertheless, the new SEC Chairman, Gary Gensler's appointment brings new hope; his policies will pave a feasible path for more altcoin ETFs, and the strong demand from institutional investors adds momentum to these ETF applications.
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Ultimately, the market is like a complex symphony, with both soaring main melodies and thought-provoking bass lines. The success of Bitcoin ETFs and the predicament of Ethereum ETFs are just parts of it; the fate of altcoin ETFs will depend on how they find their unique rhythm and play the most beautiful melodies in the ears of investors.

The Square's Eternal Profit Master casually earns tens of thousands, and I apologize for embarrassing everyone.

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Finally, I will send out a wave of dog coins as red envelopes, wishing all brothers a prosperous family, thriving career, and good fortune!

Analysis of the coins in the live broadcast room on the evening of April 28! Today's trend is just as expected!
Dear friends, if you look at this chart, it also hides a lot of wealth codes. Don’t blindly place trades; learn to wait. For reference only, not investment advice. Tonight at 8 PM, let's chat about market dynamics in the live broadcast room and share investment insights. Don't miss it!

Dear friends, let me see who hasn't joined our Simey闪电的王牌KOL专属聊天室 yet. I am really looking forward to everyone joining; our chat room has many benefits!
This chat room has already distributed two 50U lucky draw red envelopes 🧧 + two surrounding prize draws 🎟️. Friends are very active, and everyone is having a great time, so we will continue with the surrounding prize draw activities. The time is every Saturday at 8 PM. Simey Lightning Coin's top KOL chat room will also share strategies and entertainment activities with everyone. Please support us!

🧧👇Yesterday (Monday) we traded a total of 3 contract strategies, taking profit on 2 contracts and exiting 1 at cost.
The first order was a Bitcoin sleeping limit order placed 12 hours in advance with a cost of 93050. The first target of 95000 has been reached. According to the strategy, we took profits in batches, using 100x leverage for profits of around 100% to 180%. Mainly, on Monday, when you woke up, it also provided a second entry opportunity.
The second order was a short position before the ETF opened at night. According to the strategy, we shorted Bitcoin at market price of 95200, which fell to around 93300 after the opening, with a maximum floating profit of 2000 USD but not all profits were taken. The maximum profit was 200%, and after the final profit of 50% of the position, Sam哥 exited after sleeping.
The third order was a simultaneous ETF short position with a Bitcoin long position, with a cost of 94500. Upon waking, BTC rose to a maximum of 95300, with a maximum floating profit of 800 USD, but since it was not closed, it exited at breakeven.
Summary: During the period when the market forms a box-like oscillation, taking profits and stopping losses should be executed in batches. Pursuing breakthrough profits blindly may miss out on a lot of profits. Executing take profits and stop losses cannot rely on emotions or mindset as a basis. You should only stop loss or flee when the trading system logic fails. When the logic succeeds, you should not relax your vigilance but instead maintain a no-risk position (breakeven loss). 👉多空双吃马前炮逻辑记录. 👉以太坊1750分析多次支撑做多吃肉记录