Bitcoin has once again faced a significant sell-off, evidently lacking support from major US buyers and spot ETFs. However, the fact that it has managed to hold above $102,000 maintains the chances for further growth.

Meanwhile, it was announced today that the first spot ETF for XRP will launch in the afternoon. Nasdaq has officially certified the listing of the spot XRP ETF from Canary Capital. This event marks an important milestone in the development of the cryptocurrency market, providing institutional and retail investors with direct access to XRP without requiring direct ownership of the digital asset.

The integration of XRP into the ETF framework significantly simplifies the investment process by eliminating the complexities of storing and managing cryptocurrencies. The launch of the ETF is expected to increase liquidity for XRP, which, in turn, could stabilize its price and attract new market participants. Canary Capital, demonstrating an innovative approach, has become the first to receive approval for listing such a product, thus setting a new standard for the cryptocurrency ETF industry.

Nasdaq's decision to include the spot XRP ETF in its platform highlights the recognition of XRP as a legitimate and promising asset. This event may serve as a catalyst for the launch of other cryptocurrency spot ETFs, broadening the range of investment opportunities for the general public. Active participation from institutional investors in this process will not only strengthen confidence in XRP's long-term potential but also provide additional momentum for the entire blockchain ecosystem.

Regarding intraday strategies in the cryptocurrency market, I will continue to act on major pullbacks in Bitcoin and Ethereum, anticipating the continuation of a bullish market in the medium term, which remains intact.

As for short-term trading, the strategy and conditions are described below.

Bitcoin

Buy Scenario

• Scenario #1: Today, I plan to buy Bitcoin at an entry point around $103,800, targeting a price of $105,000. At around $105,000, I will exit the purchases and sell immediately on the rebound. Before buying on a breakout, ensure that the 50-day moving average is below the current price and that the Awesome Oscillator is in the positive zone.
• Scenario #2: Bitcoin can be bought at the lower boundary of $102,700 if there is no market reaction to its breakout, with a move back to the levels of $103,800 and $105,000.

Sell Scenario

• Scenario #1: Today, I plan to sell Bitcoin upon reaching an entry point around $102,700, targeting a drop to $101,200. At around $101,200, I will exit the sales and buy immediately on the rebound. Before selling on a breakout, ensure that the 50-day moving average is above the current price and that the Awesome Oscillator is in the negative zone.
• Scenario #2: Bitcoin can be sold from the upper boundary of $103,800 if there is no market reaction to its breakout, moving back to the levels of $102,700 and $101,200.

Ethereum

Buy Scenario

• Scenario #1: Today, I plan to buy Ethereum at an entry point around $3,559, targeting a price of $3,624. At around $3,624, I will exit the purchases and sell immediately on the rebound. Before buying on a breakout, ensure that the 50-day moving average is below the current price and that the Awesome Oscillator is in the positive zone.
• Scenario #2: Ethereum can be bought at the lower boundary of $3,508 if there is no market reaction to its breakout, with a move back to $3,559 and $3,634.

Sell Scenario

• Scenario #1: Today, I plan to sell Ethereum upon reaching an entry point around $3,508, targeting a drop to $3,446. At around $3,446, I will exit the sales and buy immediately on the rebound. Before selling on a breakout, ensure that the 50-day moving average is above the current price and that the Awesome Oscillator is in the negative zone.
• Scenario #2: Ethereum can be sold from the upper boundary of $3,559 if there is no market reaction to its breakout, moving back to the levels of $3,508 and $3,446.