Currently, Bitcoin (BTC) has tested the support level of $29,500 again. Whether this level can withstand the pressure needs further observation. My personal preference is to break this support level, so I choose to liquidate my position in the spot market.

Regarding the application for Bitcoin spot ETF, it seems to be in the waiting stage, and I am not optimistic about its approval. The key factor for the US Securities and Exchange Commission (SEC) to approve the application should be the full existence of regulatory power, but such conditions are not yet in place.

As for XRP, it has achieved a staged victory to some extent, but this is only temporary. $0.85 can be regarded as an absolute high point as a reference for trading operations.

In addition, the repurchase of MKR by the MKR project mentioned in my previous live broadcast is also worth paying attention to. Last night, the personal account of the founder of MKR purchased the token one after another. More importantly, MKRDAO continues to increase its efforts in purchasing US Treasury bonds, which has strengthened the market's confidence in its stablecoin market. Therefore, DAI may continue to maintain its leading position in algorithmic stablecoins.