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Bitcoin and Ethereum have experienced a rebound following yesterday's Federal Reserve meeting, which indicated that interest rates may need to be lowered. Regardless of how long the Fed intends to maintain a tight monetary policy, slowing economic growth will eventually compel the committee to take action. This expectation has driven the cryptocurrency market upward.
After hitting a low of around $83,500, Bitcoin is now trading at $86,000, while Ethereum, having dipped to $2,000, managed to hold above that level and quickly recovered to around $2,032, where it is currently trading.
A notable survey was released yesterday, revealing that 83% of institutional investors plan to increase their cryptocurrency investments in 2025.
This indicates the growing maturity and acceptance of digital assets as an integral part of the global financial system. This trend also suggests potential increases in volatility, liquidity, and the emergence of regulated investment instruments, making cryptocurrencies more appealing to major players.
Institutional interest in cryptocurrencies is further fueled by the search for alternative income sources amid declining interest rates and uncertainty in traditional markets. This influx of institutional capital is expected to continue supporting the cryptocurrency market, driving its growth.
As for the intraday trading strategy, I will focus on major pullbacks in Bitcoin and Ethereum, anticipating continuing the bullish trend in the medium term.
For short-term trading, the strategy and conditions are outlined below.
Scenario No. 1: I plan to buy Bitcoin today at an entry point of around $86,200, targeting a rise to $88,300. Around $88,300, I will exit the purchases and sell on a pullback. Before buying on a breakout, ensuring that the 50-day moving average is below the current price and that the Awesome Oscillator is in positive territory is crucial.
Scenario No. 2: Bitcoin can also be bought from the lower boundary at $85,300 if there is no market reaction to a breakout in the opposite direction, with targets at $86,200 and $88,300.
Scenario No. 1: I plan to sell Bitcoin today at an entry point of around $85,200, aiming for a drop to $83,400. Around $83,400, I will exit the sales and buy on a pullback. Before selling on a breakout, ensuring that the 50-day moving average is above the current price and that the Awesome Oscillator is in negative territory is important.
Scenario No. 2: Bitcoin can also be sold from the upper boundary at $86,200 if there is no market reaction to a breakout in the opposite direction, with targets at $85,300 and $83,400.
Scenario No. 1: I plan to buy Ethereum today at an entry point of around $2,032, targeting a rise to $2,087. Around $2,087, I will exit the purchases and sell on a pullback. Before buying on a breakout, ensuring that the 50-day moving average is below the current price and that the Awesome Oscillator is in positive territory is essential.
Scenario No. 2: Ethereum can also be bought from the lower boundary at $2,000 if there is no market reaction to a breakout in the opposite direction, with targets at $2,032 and $2,087.
Scenario No. 1: I plan to sell Ethereum today at an entry point of around $2,001, aiming for a drop to $1,966. Around $1,966, I will exit the sales and buy on a pullback. Before selling on a breakout, ensuring that the 50-day moving average is above the current price and that the Awesome Oscillator is in negative territory is crucial.
Scenario No. 2: Ethereum can also be sold from the upper boundary at $2,032 if there is no market reaction to a breakout in the opposite direction, with targets at $2,001 and $1,986.
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