The Trump administration signed an executive order allowing retirement funds to invest in cryptocurrencies, introducing expectations of long-term institutional capital into the market.
- The US Bitcoin ETF saw a net inflow of $246 million last week, reversing the previous week's net outflow of $643 million, indicating accelerated capital inflow. Ethereum stabilizes at 4100 with a target of 4850.
The daily chart for Bitcoin shows a bullish pattern, with expectations to reach 142000. Key resistance levels to watch are at 11.57 and 117500.
Daily Strategy
BTC: Long at 12.05, add long on pullback at 11.88, target 12.33.
ETH: Long at 4260, add long on pullback at 4170, target 4350/4400.