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Yesterday's market was in a state of continuous upward movement. Bitcoin has been slowly moving upward, which the president also wrote in the article two days ago. Bitcoin is about to start a rebound trend, or to put it simply, an oversold rebound. And the previous 56,000 support level can be said to have completely supported the downward trend of Bitcoin. At present, Bitcoin will rise, fall, and then rise and fall again. Repeatedly wash the market. The Chain Research Society is also ready to enter the market at any time. The president has selected several currencies and is ready to enter. At present, everything is ready and we are just waiting for the callback to the corresponding price. Brothers must remember that when you do altcoin bottom-fishing, you must choose high-quality, leading altcoins to do it. The reason is very simple. The rise of the leading altcoin can be said to be the fastest and fastest among all coins. If brothers can't find the leading altcoins in each track, you can look at the Chain Research Society, which will have comprehensive teaching.
Now the president will take the brothers to look at the relatively valuable information from yesterday and today
Data shows that investors invested about $2.6 billion in Bitcoin funds in the second quarter, and about $13 billion in the first three months of this year. Matthew O'Neill, co-head of research at Financial Technology Partners, said that the issuance of ETFs caused great excitement, but after the rise, the price adjusted naturally. These ETFs have attracted a lot of attention from professional investors who want to invest in Bitcoin but only want to buy cryptocurrencies through institutional means. For investors who have not yet purchased ETFs, he said that they may be waiting to enter the market when the price of Bitcoin rises next time. At present, the big cake funds are continuously helping the currency circle to suck blood. Attract off-site funds to enter the cryptocurrency industry. Will there be more next steps? Especially when Bitcoin continues to rise. Institutions, funds, and companies are all entering the market to make early arrangements. So what's the next step?
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There is another piece of news that deserves your attention.
The Hong Kong securities industry hopes to issue related derivatives for cryptocurrency spot ETFs. Since cryptocurrency spot ETFs have been officially listed, brokers can apply to regulators to issue derivatives, such as launching related options with higher leverage, which will greatly enhance the attractiveness of Hong Kong's virtual asset market. It can be said that after the launch of cryptocurrency spot ETFs, it will not only attract investors who like to invest in physical cryptocurrencies, but also open up more development opportunities for brokers. Xie Mingguang, a senior securities industry figure, pointed out that cryptocurrency spot ETFs have more confidence in Hong Kong's development prospects. At present, Hong Kong's investment policies and investors for cryptocurrencies are very positive.
In terms of contracts: The president’s suggestion is that you can basically start arranging your entry into the market. Go long at low levels for long-term contracts, and don’t make orders blindly for short-term contracts. The precise position will be given in the community later.
For the altcoins: Brothers can consider ambush in the AI sector, meme coins, RWA track, and try not to touch the altcoin contracts. Spot must also be equipped with a stop loss. Pepe is currently making frequent moves. Brothers can consider buying some Pepe coins appropriately, and don't be too greedy, don't think about eating a fat man in one bite.