Today's Core Trading LogicBitcoin / U.S. dollarBITSTAMP:BTCUSDTheodoreHall### 📈 Today's Core Trading Logic 1. **Technical Bullish Structure Remains Unbroken, Rebound Continues 📊** On the daily chart, Bitcoin successfully broke through the previous $72,000–$73,000 consolidation range and stabilized above short-term moving averages (EMA15, EMA30). The MACD indicator has formed a golden cross above the zero line with increasing volume. Although the red bars have slightly weakened, a death cross has not yet appeared, indicating a healthy bullish structure. On the 4-hour chart, the Bollinger Bands are widening upwards, with the price oscillating between the upper and middle bands. Short-term moving averages are in a bullish alignment, and each pullback to the EMA15 has resulted in a rapid rebound, demonstrating strong support. The RSI is near overbought territory but has not yet weakened, indicating that bullish momentum still has room to continue and there are no obvious signs of weakening momentum. From a trend perspective, since rebounding from the $68,300 low, Bitcoin has formed a short-term upward channel. Each pullback has not broken below the lower boundary of the channel, and the current price is near the upper edge of the upward channel, indicating that the short-term bullish trend remains intact and provides technical support for the bulls. 2. **Continued Inflows into Top ETFs, Solid Institutional Support 🏦** Bitcoin ETF inflows exhibit structural characteristics, with leading ETFs such as BlackRock's IBIT continuing to receive net inflows. The inflow volume is approaching the highest level since the ETF's inception, and the investor structure is shifting from retail to institutional investors, indicating a clear long-term institutional allocation trend and providing stable financial support for price increases. A Matrixport report shows that although the total net inflow into Bitcoin ETFs in 2025 is only slightly above zero, leading institutions such as BlackRock and Fidelity account for the vast majority of inflows, indicating a high level of institutional confidence in the current Bitcoin price and a demand for buying on dips in the $73,000–$74,000 range, further strengthening the support level.