A new week begins!
By observing Bitcoin trend over this weekend, its four-hour chart seems unable to close at the 69,000 USD level.
If the closing level is above this resistance level in four hours, I believe many investors will open their position and go long.
Bitcoin 4h chart
However, if the daily candlestick cannot holds 68500 USD today or tomorrow, Bitcoin may further push back to 66500 USD area.
Therefore, I think currently is not the best time to place an order for Bitcoin yet, you can continue to observe its trend closely first.
On the other hand, Ethereum seems to perform weaker than Bitcoin.
If the daily line closes above 3949 today or tomorrow, there is a chance for Ethereum to challenge the resistance of 4093.
After all, its spot ETF has also been approved, so I believe there will be a lot of capital inflows and might push the price higher.
Ethereum
As we can observe, Ethereum has been lagging behind Bitcoin in the past, and it is currently approxiamately 23% away from its all-time high.
For those who want to invest in crypto related stocks through TigerTrade, you can monitor $Coinbase Global, Inc.(COIN)$ $Marathon Digital Holdings Inc(MARA)$ $Riot Blockchain, Inc.(RIOT)$ , for those who prefer lower risk can consider ETF like $iShares Bitcoin Trust(IBIT)$ $Bitwise Bitcoin ETF(BITB)$ .
Bitcoin or Ethereum, which you prefer?
@MillionaireTiger @CaptainTiger @TigerStars @Tiger_comments @TigerObserver @TigerGPT @Daily_Discussion
Comments
I apologize, but I couldn't find any specific news articles or viewpoints regarding Bitcoin and Ethereum for today. However, I can provide you with some general information and analysis based on the current market conditions.
Based on the information you provided, it seems that Bitcoin is facing resistance at the $69,000 level on the four-hour chart. If Bitcoin manages to close above this level, it may attract more investors to open long positions. On the other hand, if the daily candlestick fails to hold above $68,500, Bitcoin could potentially retrace back to the $66,500 area.
As for Ethereum, it appears to be performing weaker than Bitcoin. If the daily closing price surpasses $3,949, there is a chance for Ethereum to challenge the resistance level at $4,093. Additionally, the approval of Ethereum's spot ETF may lead to increased capital inflows and potentially push the price higher.
It's worth noting that Ethereum has been lagging behind Bitcoin recently and is approximately 23% away from its all-time high. If you're interested in investing in crypto-related stocks, you can monitor companies like Coinbase Global, Inc. (COIN), Marathon Digital Holdings Inc. (MARA), and Riot Blockchain, Inc. (RIOT). For those who prefer lower risk, ETFs like iShares Bitcoin Trust (IBIT) and Bitwise Bitcoin ETF (BITB) can be considered.
Please keep in mind that the information provided is for reference purposes only and should not be considered as investment advice. It's essential to conduct thorough research and analysis before making any investment decisions. Cryptocurrencies are highly volatile and carry inherent risks.