Bitcoin trades near $76,000 following $137.8 million in net outflows from Bitcoin ETFs on Wednesday, while Ethereum ETFs reported $87.7 million in net outflows.



<figure class="wp-block-table"><table><tbody><tr><td> Cryptocurrency</td><td> Ticker</td><td> Price</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: BTC)</td><td>$76,025.76</td></tr><tr><td>Ethereum</td><td>(CRYPTO: ETH)</td><td>$2,262.89</td></tr><tr><td>Solana</td><td>(CRYPTO: SOL)</td><td>$82.96</td></tr><tr><td>XRP</td><td>(CRYPTO: XRP)</td><td>$1.37</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: DOGE)</td><td>$0.1066</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: SHIB)</td><td>$0.056269</td></tr></tbody></table></figure>



Meme coin market capitalization is up 1.8% to $36.6 billion over the past 24 hours.



Trader Commentary: 



Lennaert Snyder said Bitcoin formed a new low following the FOMC decision, leaving a large four-hour imbalance near $76,900. He favors short positions on a retest of that level with bearish confirmation, targeting a move below $74,800.



He identified support near $74,900 and resistance around $77,900, defining the current range. While short setups are preferred, he added that stronger long opportunities may emerge after a liquidity sweep lower.



Daan Crypto Trades said Ethereum is gradually moving higher but struggling to break resistance near $2,400. A clean breakout could open the way toward the $2,600 to $2,700 range. However, a loss of diagonal support would weaken the current bullish structure.



Altcoin Sherpa noted Solana appears oversold after its recent decline, which could lead to a short-term bounce. However, he cautioned that assets can remain oversold during downtrends, making confirmation from support levels essential.



Trader Tardigrade said Dogecoin has been rejected three times at a key resistance level on the monthly chart. Historically, each rejection has led to sharp declines, and the current setup mirrors those patterns, suggesting a potential downside move if the trend repeats.        



Image: Shutterstock

ETHE

GBTC

Bitcoin is trading near $76,000, with significant net outflows from Bitcoin and Ethereum ETFs. Bitcoin saw $137.8 million in outflows, while Ethereum had $87.7 million. Traders are analyzing support and resistance levels, with bearish sentiments for Bitcoin and cautious optimism for Ethereum. Solana is viewed as oversold, while Dogecoin faces resistance, suggesting potential declines if patterns repeat. The meme coin market cap increased by 1.8% to $36.6 billion in the last 24 hours.

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