While Bitcoin (BTC) and Ethereum are still deciding which way to move, the White House said it is close to an official announcement on creating a strategic Bitcoin (BTC) reserve. If confirmed, this news would mark the start of a new era in US monetary policy and could have a huge impact on the global crypto market.

According to the project lead, the hardest part of the work has already been completed. That means the technical and organizational aspects of forming the reserve have been successfully resolved. This may include developing secure custody protocols, integrating with existing financial infrastructure, and addressing regulatory and reporting issues. Creating such a large-scale asset undoubtedly required solving many complex problems, and overcoming the most difficult of them is a positive signal. Talk of a BTC reserve has been ongoing since Trump's second term as US president began.

Patrick Whitt, executive director of the President's Advisory Council on Digital Assets, said in an interview yesterday that the administration has overcome a major legal obstacle to creating the reserve. This may relate to statutory limits or regulatory requirements that long held back state-level adoption of digital assets. Successfully resolving these legal issues opens the door for further implementation of the project and brings it closer to an official announcement.

This statement underscores the seriousness of the US authorities' intentions and their readiness to adapt to the changing financial landscape.

Trading recommendations

Bitcoin

Buyers are currently targeting a return to $78,400, which would open a direct path to $80,100, and from there, $81,700 is within reach — a break above which would signal attempts to resume a bull market. On the downside, buyers are expected around $76,500; a drop back below that area could quickly push BTC toward $74,700. The longer?term target would be the $73,100 area.

Ethereum

A clear close above $2,146 opens the direct road to $2,222. The longer?term target is the high around $2,291. Once this level is surpassed, this would indicate strengthening bullish sentiment and renewed buyer interest. On the downside, buyers are expected at $2,084; a fall back below that area could quickly push ETH toward $1,997. The longer?term target would be the $1,911 area.

What's on the chart

• The red lines represent support and resistance levels, where price is expected to either pause or react sharply.
• The green line shows the 50-day moving average.
• The blue line is the 100-day moving average.
• The lime line is the 200-day moving average.

Price testing or crossing any of these moving averages often either halts movement or injects fresh momentum into the market.