Bitcoin continues to demonstrate stability, bouncing back excellently from the $90,000 level and returning to the vicinity of $93,000. Ethereum also remains above $3,000, maintaining fairly positive upward prospects.

Meanwhile, a positive development for the market has come from SEC Chairman Gary Gensler, who announced that US financial markets are actively transitioning to on-chain systems. Against this backdrop, the regulator is prioritizing innovation and the implementation of new technologies to ensure an on-chain future.

This statement is undoubtedly seen as a sign of support from the regulator, which could attract more institutional investors who were previously wary of regulatory uncertainty. Gensler emphasized the importance of creating clear and transparent rules for digital assets, which would reduce risks for investors and promote further development of the crypto industry in the US.

Investors view Gensler's statements as a positive signal and hope that the SEC will take a more lenient stance towards innovative projects in the blockchain and cryptocurrency space. This could lead to the emergence of new instruments and products that will expand investment opportunities and attract new capital to the market.

Overall, the current situation in the cryptocurrency market is quite favorable. Bitcoin and Ethereum show resilience, while the statements from the SEC Chairman bolster investor confidence. However, for the market to continue developing, it is essential to keep working on creating clear and transparent regulatory frameworks.

Trading recommendations:

Regarding the technical outlook for Bitcoin, buyers are currently targeting a return to the $93,000 level, which opens a direct path to $95,000. From there, it would be a short distance to $97,300. The ultimate target will be around the peak at $99,300, and exceeding this level would indicate attempts to return to a bullish market. Should Bitcoin decline, I expect buyers at the $90,700 level. A return of the trading instrument below this area could quickly push BTC down to around $88,100, with the further target being the $85,800 region.

For Ethereum, clear consolidation above the $3,349 level opens a direct path to $3,474. The ultimate target will be the peak around $3,664, and surpassing this level would indicate a strengthening of bullish market sentiments and renewed buyer interest. If Ethereum declines, I expect buyers at the $3,233 level. A drop below this area could swiftly send ETH down to around $3,126, with the further target being the $3,023 region.

What we see on the chart:

- Red lines indicate support and resistance levels where either a price slowdown or active growth is expected;

- Green lines indicate the 50-day moving average;

- Blue lines indicate the 100-day moving average;

- Light green lines indicate the 200-day moving average.

Typically, a crossover or price test of these moving averages either halts market momentum or sets a new directional impulse.