Recently, there is a data point worth noting—American BTC spot ETF institutional net inflows have reached nearly 7,500 Bitcoins. This is the largest single-day net inflow since October 7 and can be considered a good achievement in the entire bull market cycle. Among them, the giants BlackRock and Fidelity accounted for nearly 6,000 Bitcoins, indicating that institutional investors still have a keen sense of market opportunities.

However, there is a bigger variable brewing in the next two days—the U.S. Supreme Court's opinion solicitation day is scheduled for this Friday (11 PM Beijing time). This is the first time the Supreme Court's procedural level has officially touched on the legality of global tariffs, and it may even become the first time the Supreme Court rules on related tariff policies. Currently, the support rate on Kalshi is only 30%, in other words, the market generally expects that the Supreme Court is likely to initially find issues with this tariff, which could have a significant impact on policy direction.

**What does the technical analysis say about BTC?**

Bitcoin is currently at a critical crossroads. After breaking the neckline two days ago, it is now testing support. The daily chart shows intensified bullish and bearish battles, with obvious resistance above. The most important thing now is to see whether the four-hour chart can repair its pattern amid oscillations. From a high-probability perspective, short-term movements are likely to be oscillations or slight pullbacks, with support around 91,500. If this support cannot hold, caution is needed. If support holds steady, the rebound space above can open up. Overall, the trend remains relatively strong, with a solid daily chart. The key is to monitor small time frame changes. Support is focused on the 91,500-90,200 range, while resistance is at 95,000-96,500.

**What about Ethereum?**

Ethereum's daily chart looks quite good, having broken through the downward trendline and now testing for confirmation of support. Its strength at this position is slightly better than Bitcoin. It is important to watch whether the one-hour chart can continue oscillating upward around the trendline. The short-term key level is whether it can hold above 3,300—if it fails, beware of double retracements on the one-hour and four-hour charts. The probable intra-day trend is a slight upward oscillation, with support at 3,225-3,160, and resistance in the 3,300-3,358-3,430 range.