Bitcoin ETF inflows returned this week as dip buyers supported BTCUSD near $66,967.85 after a steep monthly pullback. The rebound in flows aligns with firmer risk sentiment helped by Nvidia-led equity strength. Swiss investors are watching $68,750 to $69,000 as a breakout zone that could open a path to $70,000, while a failure favors fade-the-rally setups. Today’s range spans $63,019.6 to $67,761.55, showing headline sensitivity. With ATR at 3,728 and RSI at 36, we favor tight risk, clear levels, and CHF-aware execution.

Flows and positioning: dip buyers step in

Bitcoin ETF inflows remain the key driver. Since launch, spot funds have seen about $55 billion of cumulative inflows against only $6.5 billion in outflows, highlighting strong hands and a fresh three-day inflow streak that hints at dip-buying source. We think steady Bitcoin ETF inflows, alongside MFI at 41.57, show improving but cautious demand that can firm price on pullbacks.

Some institutional accounts still trimmed exposure, with reports of hedge funds de-risking from BTC ETFs during volatility source. That helps explain soft on-balance volume at -281,809,232,827 and a risk-on tone that remains selective. We see Bitcoin ETF inflows competing with tactical selling. If inflows cool, rallies could stall quicker, especially into nearby resistance clusters.

Key BTC price levels Swiss traders watch

We track $68,750 to $69,000 as a heavy zone. The Bollinger middle band sits near $68,452.50, adding confluence. A firm close above could open a path to $70,000 as trend strength holds, with ADX at 48.25. RSI at 36.05 and a negative MACD keep momentum muted, so we want strong breadth and persistent spot bitcoin ETFs demand to confirm.

On dips, we mark $63,019.6 as first defense, then the Bollinger lower band at $61,045.37 and Keltner lower near $62,872.17. ATR of 3,728 suggests using wider buffers. If price rejects the 68,750–69,000 area with fading Bitcoin ETF inflows, fade-the-rally stays valid. A decisive break below $61,000 would weaken the rebound case and shift focus to deeper consolidation.

Momentum, trend, and volatility check

Momentum is mixed. RSI at 36.05 sits below neutral. MACD is -4,614.34 versus a -5,151.24 signal, and the 536.90 histogram shows downside pressure easing. Stochastic %K at 54.17 edging above %D at 49.36 supports stabilization. Awesome Oscillator remains negative, so we want momentum to turn positive before trusting sustained upside.

Price holds below the 50-day average at $79,176.53 and the 200-day at $97,898.22, so the bigger trend still needs repair. ADX at 48.25 indicates a strong trend, but the MA envelope slope is -1.43, pointing lower. For trend followers, evidence of repeated closes above $69,000 and expanding Bitcoin ETF inflows would start improving the medium-term setup.

Switzerland-specific angles and portfolio use

Most Swiss brokers fund in CHF while crypto quotes in USD, so FX costs and spreads matter. Check your platform’s USD/CHF rate and total fees before trading. Review KIDs and product risks, especially for spot bitcoin ETFs. In Switzerland, private capital gains are generally tax-free, but wealth tax can apply. Consider professional advice for your situation.

We size smaller in volatile tapes, using ATR-based stops and clear invalidation. Equity risk sentiment, helped by Nvidia’s momentum, can spill over into BTC. We track Bitcoin ETF inflows daily. If flows keep improving and price reclaims $69,000 on volume, we lean long toward $70,000. If flows fade, we prefer patience and buying closer to support.

Final Thoughts

The return of Bitcoin ETF inflows, limited outflows since launch, and a three-day positive streak point to resilient demand, even after a tough month. For Swiss investors, we see clear, actionable levels. A close above $68,750 to $69,000 could open a path to $70,000, while failures there support tactical fades toward $63,000 to $61,000. Momentum is still cautious, with RSI sub-50 and price below key moving averages, so confirmation matters. We suggest tracking flows each day, setting alerts on $69,000 and $70,000, and managing USD/CHF costs. As conditions shift, we will update levels and flow trends in real time on Meyka.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.