Bitget Research Institute Chief Analyst Ryan Lee stated that driven by multiple favorable factors such as the continuous net inflow of the U.S. spot Bitcoin ETF for five days, large-scale short liquidations, the U.S. Treasury’s expansion of long-term bond repurchases leading to a drop in yields and a weakening dollar, as well as signals from the Trump administration indicating a pro-crypto regulatory stance, Bitcoin has broken through the $80,000 mark, reaching a new high in recent months, with market sentiment rapidly shifting from “fear” to “greed.”

He pointed out that BTC is expected to stabilize above $78,000 in the short term and oscillate around that area, with key support levels in the $74,000–$76,000 range and primary resistance at $83,000. If it breaks through effectively, it may further challenge the $85,000–$90,000 levels.

Regarding Ethereum, benefiting from the market’s increased risk appetite driven by BTC, simultaneous ETF fund inflows, and a rebound in DeFi activity, Ryan noted that ETH’s short-term average price could reach $2,600–$2,800. If it breaks through the $2,650–$2,700 resistance level, it may further push towards the $3,000 mark.

At the same time, Ryan also reminded investors that although ETF fund inflows are strong and short-term momentum is sufficient, there are still profit-taking pressures in the market, as well as macro policy uncertainties such as the Jackson Hole meeting and the September interest rate meeting. Traders should be prepared for fluctuations of 10–20% and closely monitor daily ETF flow data and key support levels.