Bitwise recently submitted an ETF application to regulators, covering 11 cryptocurrencies including CC. Once this news broke, the market sentiment immediately became active.

Generally, everyone views this move as a signal of institutional-level recognition. As regulatory frameworks become clearer and expectations for ETF listings continue to rise, risk appetite among funds is also noticeably increasing. The entire market has shifted from a wait-and-see attitude to a bullish outlook.

Against this backdrop, CC has found relatively stable support around $0.15, which is currently regarded as a short-term key support level. If subsequent policy developments and expectations continue to ferment, the price is very likely to establish a phased bottom around this area, paving the way for a subsequent rebound.

From a technical perspective, $0.14 is the current optimal entry point for a long position. Take-profit and stop-loss should be set reasonably according to individual risk tolerance.