The analysis suggests a cautiously bullish outlook on Bitcoin in the mid to long term, anticipating a new high in 2026 after sideways trend during holidays. A break above $93,000 and $95,000 is needed for the bullish scenario to play out on the shorter time frame. Failure to hold $81,600 would invalidate the analysis and short positions become logical. The analysis takes into account Trump's promise to keep the stock market levels high, though there's discussion of some delisting pressures from MSCIs. Ethereum needs to hold at $3000, for the market to have credibility. S&P is currently closed during holiday period. Overall, the technical and news events do not invalidate the long term bullishness, but rather suggest lower levels.