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. Af

$iShares Bitcoin Trust(IBIT)$  

$bitcoin Bitcoin Plunges on Ethereum ETF News On May 23rd, the price of Bitcoin (BTC) underwent a dramatic drop during overnight trading in the Eastern Time Zone (EDT). The decline breached key support levels at $70,000, $69,000, and $68,000, dragging other major cryptocurrencies like Ethereum (ETH), Binance Coin (BNB), and Dogecoin (DOGE) down with it. Profit-Taking Fueled by SEC Announcement The primary driver behind this sudden correction appears to be profit-taking by investors reacting to positive news. The U.S. Securities and Exchange Commission (SEC) announced the approval of a trading plan for an Ethereum spot exchange-traded fund (ETF) submitted by the New York Stock Exchange (NYSE), Chicago Board Options Exchange (CBOE), and Nasdaq. Approval Nuances: Not a Green Light Yet It's cr

As we see more and more ETFs getting approved. This begs the question of whether we should be investing in Crypto? What are the potential changes that can happen in the next 6 months? And what can we do now? I have been Dollar Cost Averaging into BTC and ETH primarily over the last 12 months and this was to just accumulate crypto into my portfolio. And in the last 6 months, the DCA kinda got me buying crypto high prices because of the increase in prices, but for me, it was mainly to keep myself committed and just bite the bullet of buying them without thinking too much of the prices. But I was lucky as well, to be able to catch some waves and still be on the green side of things. What to expect in the next 6 months? With ETH ETFs getting approved just a couple of days ago. What I think wil

Overview: The year 2024 marks a significant milestone for the cryptocurrency market with the introduction of Bitcoin Exchange-Traded Funds (ETFs). This advancement signifies a major step towards the maturation of this emerging asset class, providing investors with a more accessible and safer way to invest in Bitcoin. This report explores the positive impacts of Bitcoin ETFs on the cryptocurrency market and offers insights to help investors navigate these changes. Significance of Bitcoin ETFs: Bitcoin ETFs allow investors to invest in Bitcoin indirectly through traditional stock markets without needing to hold the cryptocurrency directly. This approach mitigates many of the technical and security risks associated with direct crypto investments, offering a convenient investment pathway, part

$CleanSpark, Inc.(CLSK)$ House passed the crypto regulation bill and it's a good sign for the industry. BTC supposed to rally today but less jobless claims affected the Tech sector.  No rate cuts anytime soon. The Tech parameters and fundamental of BTC rally still looks good, and the adoption is going to go up.Wisconsin pension fund just bought 180m of BTC ETFs and it's a start.  Still 100k this year is possible, and this correction will help many to get it. 

$CleanSpark, Inc.(CLSK)$ 's is volatile but full of opportunities. The chart indicates possibility of another period price movements (happening today), but it has resistance at $17. From the current tech indications, CLSK would move along with BTC. And a rebound/rally is very much possible to $24 level. If you are long or want to trade on the price movements, I would lock the entry now and will watch BTC closely.

$CleanSpark, Inc.(CLSK)$ I’m thinking that the majority of the shares used to bring down the price in Bitcoin, as well as the big mining stocks is simply HFT “churn” employed with the specific intention of maximizing the number of shares owned all the while working prices lower. The same pattern was observed in both CLSK and $Marathon Digital Holdings Inc(MARA)$ for what it’s worth. I hope not too many in the small retail crowd and gullible newbies took the bait. With major league successes on both the Ethereum ETF front as well as the FIT21 bill, I venture to say we have VERY fine weeks and months immediately ahead.

Overview: The U.S. Securities and Exchange Commission (SEC) recently approved applications from major exchanges like Nasdaq, CBOE, and NYSE to list exchange-traded funds (ETFs) tied to the price of ether. This significant milestone marks a pivotal moment for the cryptocurrency industry, potentially allowing these products to begin trading later this year. The decision follows the approval of bitcoin ETFs in January and reflects a growing acceptance of cryptocurrency assets in mainstream finance. Ether ETFs: A Breakthrough in Crypto Investment The approval of ether ETFs is a surprising win for the crypto industry. Nine issuers, including VanEck, ARK Investments/21Shares, and BlackRock, are poised to launch these funds, highlighting the industry's eagerness to tap into the second-largest cry

Navigating the investment landscape can be daunting with the myriad of options available. This quarter, two standout opportunities have emerged: the Invesco S&P MidCap Quality ETF (XMHQ) and top-performing cryptocurrency ETFs - the Bitcoin Cash ETF and the Binance Coin ETF. Let's delve into the numbers and see if these investments merit your consideration. MidCap Marvel: Invesco S&P MidCap Quality ETF (XMHQ) Growth comparison of $10,000 investment in XMHQ vs. S&P 500 The Invesco S&P MidCap Quality ETF has been exceptional this quarter, boasting a remarkable return of 24.37%. This ETF focuses on mid-cap stocks exhibiting high-quality metrics, such as robust balance sheets and consistent earnings growth. Think of it as discovering golden eggs amidst a basket of mid-sized comp

The news that the Ethereum spot ETF will be approved by the U.S. Securities and Exchange Commission has driven up the market in the currency circle. Bitcoin was unable to break new highs today, so it made a small pullback. But if the hourly chart does not break below 68905, the uptrend will still continue. On the other hand, Ethereum hit a record high of 4868 in November 2021. As the Ethereum spot ETF is about to be approved for listing in the U.S. capital market, I believe that the probability of the market reaching new highs is very high. Currently, it is still fluctuating around 3700, and there is still 30% potential upside. If the current price of Bitcoin rises by about 6%, it will also set a new high record. The overall market outlook is believed to be very optimistic for the cryptocu

$CME Ether - main 2405(ETHmain)$ $CME Bitcoin - main 2405(BTCmain)$  Ethereum ETF decision TOMORROW. 👀🍿 If this weekly breakout holds, there isn't much standing between here and all-time highs. $ETH

Overview: The cryptocurrency market experienced a significant boost following speculation about the U.S. Securities and Exchange Commission (SEC) potentially approving a spot Ethereum ETF. This development has caused notable movements in both the cryptocurrency prices and crypto-related stocks. Market Reaction: Ethereum's Price Surge: The news that the SEC requested an Ethereum ETF issuer to update its 19b-4 filing on May 20 has led to a surge in Ethereum's price. Bloomberg analyst Eric Balchunas indicated that the probability of a spot Ethereum ETF approval increased from 25% to 75%. Consequently, Ethereum's price jumped from around $3,100 to over $3,600. Bitcoin also benefited from the market's positive sentiment, reclaiming its position above $70,000. Crypto-Related Stocks Rally: Crypto

There will always be correction

What's all ya thoughts please tell me more iykyk I need to know Bitcoin gonna keep rising up or is it done

Yes As soon as the US Government officials approve Eutherum ETF Bitcoin is going to $100,000

Obviously its back to 60k

$Bitcoin(BTC.USD.CC)$ near all-time highs $SPDR S&P 500 ETF Trust(SPY)$ , $DJIA(.DJI)$ , $NASDAQ(.IXIC)$ near all-time highs, $Gold - main 2406(GCmain)$ and $Copper - main 2407(HGmain)$ near all time highs, $Silver - main 2407(SImain)$ spiking to the highest in more than a decade, ImageStocks added more than $12 trillion in Market Cap since October.The S&P 500 closed above 5,300 for the 1st time in history. Weekly market recap, trading week 20/2024 Stay focused and