BTC LONG

Bitcoin has already broken out of either a Cup and Handle or an Upside Down Head and Shoulders pattern (howevery you want to view it. It is now pushing through the red trendline resistance. With strong bullish order flow, the next target for more conservative traders is around the 165K mark. Adding to this bullish outlook, President Trump's recent Executive Order (EO) on January 23, "Strengthening American Leadership in Digital Financial Technology," signals a major shift in U.S. policy. This, along with the SEC's rescinding of previous guidance and increasing support for digital assets legislation from Congress, further boosts confidence in the crypto space. The Trump Administration's pro-crypto stance is a sharp contrast to the Biden Administration’s more hostile approach, making it clear that digital assets are now seen as a vital part of America's economic growth and innovation. Keep an eye on the red trendline for confirmation of further upside potential, i want a want a daily close and break of structure to add IBIT calls at the money and ride the wave.