Yesterday, Bitcoin continued its upward movement, driven by the notably softer tone of Federal Reserve Chair Jerome Powell regarding the future of interest rates.

His cautious remarks — that the Fed would closely monitor economic data before making further decisions on rate cuts — were interpreted by the market as a signal of possible monetary policy easing. This, in turn, eased pressure on risk assets, including Bitcoin. However, it's important to understand that this is only a temporary reprieve, not a fundamental shift in trend. Bitcoin's volatility remains high, and the asset is still highly sensitive to news about the macroeconomic outlook and regulatory developments.

Looking ahead, Bitcoin's trajectory will be shaped by several key factors. First, the Fed's ongoing rhetoric and actual data on inflation and employment in the U.S. Second, the sentiment of large institutional investors, who exert significant influence on the market but are currently facing a difficult environment due to geopolitical instability. Third, regulatory developments across various countries, which will determine the future of cryptocurrencies as an asset class. Therefore, despite yesterday's optimistic impulse, investors should remain cautious and thoroughly assess new information as it becomes available.

Meanwhile, it was reported yesterday that South Korea's largest banking institution, KB Kookmin, has filed trademark applications related to stablecoins. This comes as part of the country's ongoing efforts to establish a legal framework for promoting stablecoins pegged to the local currency. According to the Korean Intellectual Property Rights Information Service, KB submitted 17 trademark applications on Monday and Tuesday for names such as KBKRW, KRWKB, KBST, and KRWST. The product classifications included software for use in virtual or digital currencies and software for managing cryptocurrency transactions using blockchain technology.

KB Bank stated that it took preemptive measures to protect these marks as it works on forming a consortium with other banks to advance its stablecoin business.

According to media reports, eight leading South Korean banks — including KB — are preparing to launch a joint venture to issue a stablecoin pegged to the Korean won. The participating institutions are KB Kookmin, Shinhan, Woori, Nonghyup, IBK, Suhyup, Citi Korea, and Standard Chartered Korea — including four of the country's five largest banks. It's reported that they aim to form a consortium-like organization in cooperation with the Open Blockchain & Decentralized Identifier Association (OBDIA).

Trading Recommendations

Bitcoin (BTC/USD):From a technical perspective, buyers are currently targeting a return to the $106,700 level, which opens a direct path toward $107,200, followed by a potential push toward $107,900. The ultimate target would be the local high near $108,200; a breakout above this level would confirm a strengthening bull market. In case of a pullback, buyers are expected to emerge around $105,800. A drop below this area could quickly push BTC down toward $105,200, with the final bearish target near $104,600.

Ethereum (ETH/USD): A confirmed hold above $2,460 would pave the way for a move to $2,495. The furthest bullish target lies near $2,537, and a breakout beyond this level would indicate renewed buyer interest. If Ethereum declines, buyers are expected near $2,422. A drop below this area could accelerate a fall toward $2,375, with the furthest bearish target around $2,340.

Chart Legend

• Red lines: Key support and resistance levels where either a price slowdown or a sharp move is expected.
• Green line: 50-day moving average
• Blue line: 100-day moving average
• Light green line: 200-day moving average

When price interacts with moving averages — either through a test or a crossover — it typically signals either a pause or a new directional impulse for the market.