Bitcoin At $71,000, Ethereum, XRP, Dogecoin Gain 1%

Bitcoin trades above $71,000 on Tuesday morning as ETFs saw $167.2 million in net inflows on Monday, while Ethereum ETFs reported $16.2 million in net outflows.  

Meme coin market capitalization trades 1.2% higher over the past 24 hours to $33.5 billion.

Trader Commentary:

Analyst Lennaert Snyder said Bitcoin is testing a key resistance level, adding that he is positioned short and may increase exposure if lower-timeframe structure turns bearish.

He identified $67,500 as a downside target, while a reclaim of $71,367 on the four-hour chart would shift bias bullish and open a move toward $74,672.

Trader Ted Pillows noted Ethereum reclaimed $2,150 on improving macro sentiment, as markets price in a potential U.S.-Iran ceasefire.

However, he cautioned that in a downtrend, such rallies often act as relief bounces rather than true reversals unless bullish structure is confirmed.

Trader CW said Solana recently flushed long positions and may now be setting up for shorts, with a move toward $94 potentially triggering liquidations of overleveraged positions.

Crypto chart analyst Ali Martinez noted that about 28 billion Dogecoin changed hands at $0.074, establishing it as a key support level.

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