Bitcoin Hovers Near All-Time Highs Ahead of U.S. Session || Daily News
Traders eye ETF demand as supply shock narrative fuels renewed optimism
🪙 Crypto Market Overview
Bitcoin continues to trade close to its former all-time highs as traders await the U.S. market open and fresh ETF flow data. The dominant theme across crypto remains the potential supply squeeze, with growing chatter around how accelerating ETF demand could tighten available circulation in the coming weeks.
Given these dynamics, today’s U.S. session could prove pivotal — either confirming the next leg higher or triggering a brief cooling period. For now, the technical picture still favors upside, supported by strong structural momentum and persistent institutional inflows.
📊 Technical Picture
The consolidation above former highs continues to resemble a Wyckoff-style re-accumulation pattern, where price stabilizes after a major breakout before launching higher.
Although the drop toward 108,000 USD a few weeks ago temporarily disrupted that pattern, the recent recovery has largely restored its structure.
If this setup plays out as expected, Bitcoin could still have substantial upside potential, with near-term resistance sitting at 125,000–128,000 USD. A sustained breakout through that zone could open the way toward 140,000 USD and beyond.
🔀 Two Possible Paths
Continuation Scenario:
Strong ETF inflows and improving sentiment sustain upward pressure. BTC breaks above 128K, confirming re-accumulation and potentially targeting the 140K–160K zone.Pullback Scenario:
Failure to hold above 123K–125K could bring a deeper correction, though most signals still favor resilience rather than reversal.
🌐 Broader Market Context
Market momentum models show further bullish confirmation, with trend readings across multiple timeframes turning positive. Liquidity conditions remain favorable, and the overall setup supports continued demand from institutional channels.
Altcoin performance has also begun to reflect that strength:
Solana (SOL) remains the lead indicator among alts. A decisive break above 235 USD would confirm a new wave of rotation, likely sending prices toward 270 USD.
Ethereum (ETH) continues to build toward its 5,500 USD target, maintaining a steady uptrend.
🎯 Strategy Outlook
Short-Term (Days): Long bias. A push above 125,300–128,000 USD would signal breakout continuation.
Medium-Term (Weeks): Uptrend remains strong post-121K breakout; partial profit zones near 140K–160K.
Long-Term (Months): Structural projection toward 230K intact unless 72K fails.
🧭 Strategy Notes
BTC remains technically firm above 123K–125K; dips within that band remain healthy.
ETF flows continue to underpin the broader trend.
SOL and ETH strength reinforce the broader rotation narrative.
Short-term volatility likely tied to U.S. session ETF data.
🔑 Key Takeaways
BTC consolidating near prior highs ahead of key U.S. session
Supply-shock narrative gaining traction amid strong ETF inflows
Wyckoff re-accumulation pattern signals potential continuation
SOL and ETH positioned to lead next altcoin wave
Upside bias intact unless BTC loses 123K support
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