The analysis is bullish due to news that Trump is going to sign an executive order allowing 401Ks to buy Bitcoin, which is why Bitcoin is pumping. In terms of price action, the Bitcoin chart on Coinflare shows a huge inverse head and shoulders formation. Bitcoin has already retested the neckline and a bounce is expected. There are increased Bitcoin, Avax, Tron, Sui, Ada, Pepe, Doge, Solana, and Ethereum positions. The target for Bitcoin is approximately 134718.80. It is expected that Ethereum will break through resistance and go to $5000, $6000, $7000, $8000 or maybe even $10,000. The analysis is very confident that Ethereum is going to break the resistance level in the next week. The analyst has an $8 million Ethereum position on Bybit that is up $2.2 million. The analyst just opened a 3.7 million Dogecoin position.