Slowing US inflation and expectations of interest rate cuts, coupled with multiple bullish technical signals and persistent institutional inflows into ETFs, are strongly underpinning Bitcoin's price surge. Despite regulatory caution and short-term volatility, market fundamentals remain exceptionally robust, reinforcing a firm bullish bias.

* Easing US Inflation and Rate Cut Expectations The release of US Producer Price Index (PPI) data below expectations, indicating a trend of decelerating inflation, serves as a strong catalyst for increased expectations of an earlier interest rate cut by the Federal Reserve (Fed). Goldman Sachs' CEO also anticipates a 25 basis point rate cut, aligning with market consensus. Historically, periods of monetary easing have been favorable for risk assets overall. Growth assets like Bitcoin, in particular, tend to benefit from lower capital costs and increased liquidity. Institutional investors place significant emphasis on macroeconomic trends; this combination of easing inflation and anticipated rate cuts provides an incentive to increase risk asset allocation within portfolios, potentially accelerating institutional capital inflows into Bitcoin. While short-term volatility is expected, from a medium to long-term perspective, these factors can be assessed as positive drivers that will robustly support the BTC price. * Developments in Bitcoin ETFs and Market Impact The US Securities and Exchange Commission (SEC)'s decision to postpone approval rulings for Ethereum, Solana, and XRP ETFs, filed by major asset managers like BlackRock and Franklin Templeton, signals a cautious approach from regulators and introduces temporary uncertainty into the market. However, the fact that these major players continue to pursue their applications indicates that institutional interest in crypto assets remains exceptionally high. The progression of the ETF approval process itself is crucial for enhancing market credibility. Furthermore, preparations for launching diverse crypto-related products, such as a Dogecoin ETF, while promoting market expansion and diversification, may also emphasize speculative aspects. Institutional investors prioritize the establishment of clear guidelines by regulatory bodies, and ETF approvals represent a significant step towards enabling greater institutional access to Bitcoin and other crypto assets. Although the delays are perceived as short-term noise, the anticipation of eventual ETF approvals is expected to foster price stabilization and sustained institutional inflows in the long run. * Impact of Japanese Cryptocurrency Tax Reform on the Market The Japanese government's decision to significantly lower the tax rate on cryptocurrency gains from a progressive system with rates up to 55% to a flat rate of 20% is an extremely positive development for the domestic cryptocurrency market. Additionally, the consideration of introducing a system allowing the carryforward of investment losses for up to three years will considerably enhance the attractiveness of cryptocurrency investments in the Japanese market for both individual and institutional investors. The reduction in tax burden and increased flexibility in loss management are expected to act as catalysts, boosting market liquidity and stimulating trading activity, thereby fostering the healthy growth of Japan's crypto ecosystem. Taxation is a decisive factor in investment decisions for institutional investors, and this tax reform makes the Japanese market more appealing, potentially attracting capital inflows from overseas. This move is a significant step towards establishing Japan as a global digital asset hub and is poised to positively influence the broader cryptocurrency market, including Bitcoin. * Rise of the "Fat App" Theory and its Impact on Investment Strategies In recent years, the "Fat App" theory, which posits that value concentrates in the application layer built on blockchains, has garnered attention, potentially superseding the older "Fat Protocol" theory (where value accrues to the underlying blockchain layer). The substantial growth achieved by platforms like Hyperliquid, rivaling that of the underlying Layer 1 chains, is being discussed among investors as evidence supporting this new thesis. This trend suggests that investors should focus not only on the foundational blockchain technology but also on applications that deliver practical value and services, attracting users. Within the Bitcoin ecosystem, the importance of the application layer, including Layer 2 solutions like the Lightning Network, as well as DeFi and NFT platforms, is likely to increase. Institutional investors are closely monitoring the "Fat App" trend from the perspective of diversifying investment targets, recognizing the growing need to consider allocation across both underlying assets and the applications utilizing them. This represents a key theme driving the overall growth and innovation within the crypto market. * Consecutive Bullish Technical Signals for Bitcoin Multiple key technical analysis indicators have consecutively generated bullish signals, suggesting a significant potential rise in Bitcoin's price. Specifically observed patterns include the Inverse Head and Shoulders, a MACD golden cross, a historical contraction in Bollinger Bands, and a Cup and Handle pattern. These formations have historically served as precursors to price increases during previous bull markets. Such patterns indicate the possibility of Bitcoin targeting higher price levels, potentially ranging from $160,000 to $360,000, fueling expectations of a "supercycle." Institutional investors value technical analysis alongside fundamental analysis. The confluence of multiple bullish signals from these indicators presents an attractive potential investment opportunity. Notably, fundamental factors, such as continued institutional inflows into ETFs, further reinforce the credibility of these technical analyses. Collectively, these signals provide a strong basis for expecting further price appreciation for BTC, likely bolstering institutional investment decisions. * Advancement in Lightweight Bitcoin Verification Technology by StarkWare The lightweight Bitcoin blockchain verification technology developed by StarkWare, capable of running even on mobile devices, holds the potential to dramatically enhance Bitcoin's usability and accessibility. This technology allows users to securely and efficiently verify Bitcoin transactions without the overhead costs and complexities associated with operating a full node. This is critically important for maintaining and strengthening the decentralization of the Bitcoin network, expected to lower the barrier to entry for a broader user base. Institutional investors prioritize the decentralization and robustness of the underlying networks of assets they invest in, and this technological innovation contributes positively to Bitcoin's long-term reliability and value proposition. While the direct short-term price impact may be limited, this advancement strengthens the foundation for Bitcoin to become a more accessible digital asset for a wider audience, thereby contributing to its long-term adoption and value growth. * Accelerating Cryptocurrency Adoption in Sub-Saharan Africa According to the latest report by Chainalysis, the Sub-Saharan Africa region ranks third globally in terms of cryptocurrency adoption growth rate. This trend is driven by practical, real-demand usage stemming from challenges such as the devaluation of local currencies and underdeveloped financial infrastructure. This movement clearly illustrates the expanding global adoption of cryptocurrencies as practical financial solutions, moving beyond purely speculative use. Such adoption growth in emerging markets serves as a key driver for the sustained growth of the overall crypto market and further heightens interest in Bitcoin. Institutional investors continuously seek new investment opportunities in global growth markets, and the expansion of crypto usage backed by real demand is particularly noteworthy as an indicator of the market's long-term potential. The accelerating adoption in Sub-Saharan Africa suggests that cryptocurrencies may play an increasingly significant role in the global economy, strongly supporting the healthy growth trend of the entire Bitcoin market. Overall Summary The confluence of easing US inflation, rising expectations for interest rate cuts, and multiple bullish technical signals provides strong support for a medium to long-term upward trend in Bitcoin's price. While the postponement of ETF approval processes introduces short-term uncertainty, the sustained engagement from institutional investors, coupled with Japan's tax reform and the expansion of adoption driven by real demand in emerging markets, signals the maturation and growth of the overall market, expected to benefit the Bitcoin ecosystem. Despite anticipated short-term volatility, multiple positive factors—including the macroeconomic environment, technological innovation, and increasing institutional participation—project a positive outlook for Bitcoin's value appreciation.

Short-term risks include potential delays in the ETF approval process by regulatory bodies and possible temporary price corrections due to profit-taking. However, these risks are likely to be sufficiently offset by daily market data and positive fundamental factors. Key support levels are located near the current price range, and significant downturns are unlikely as long as market sentiment remains favorable.

Over the next 24-48 hours, trading within the current range or modest upside is anticipated. Within the coming week, further price appreciation, potentially reaching new all-time highs (ATHs), is on the horizon, driven by sustained ETF inflows and increasing expectations of interest rate cuts. Key catalysts to monitor include upcoming inflation data releases, commentary from Federal Reserve officials, and finalized details regarding Japanese tax reforms.

The Bitcoin market is experiencing an exceptionally bullish phase, driven by decelerating inflation and expectations of interest rate cuts in the US, coupled with bullish technical indicators and persistent, substantial inflows into ETFs. While temporary hurdles like potential ETF decision delays and short-term volatility exist, these are merely noise within the broader market maturation process. Furthermore, tax reforms in Japan and the accelerating adoption of cryptocurrencies in Africa signify overall market growth and the expanding use of digital assets in real-world applications. In conclusion, we confidently assert that Bitcoin will continue its upward trend and break previous all-time highs. The current price, around $114,438, presents an optimal level for further accumulation or for entering on pullbacks to the key support level at $109,498. Our short-term target is to break the $120,000 resistance, with a mid-term target of $160,000. The potential for achieving a "super cycle" aiming as high as $360,000 is extremely high. This week, closely monitor ETF net inflows, the DXY, and correlation with the S&P 500. A decisive break above $114,547 could trigger a significant rally, whereas a drop below $109,498 would represent a temporary correction, albeit presenting an excellent buying opportunity. Implement robust risk management strategies, including diversification. For short-term traders, consider stop-loss orders, while long-term holders are advised to capitalize fully on this historic opportunity. Bitcoin is a technology poised to rebuild the future financial system; let's ride this wave of transformation and pursue prosperity together. Seize the moment.