Bitcoin, after dropping to around $75,700 yesterday, has returned today to its average price of $77,200. Ethereum has also recovered and is currently at $2,325.

Active buying of Ethereum and Bitcoin indicates a clear demand in the cryptocurrency market ahead of the upcoming FOMC meeting, from which many traders expect a more dovish stance. Recent U.S. inflation data showed that things are not as bad as previously expected, so there are no significant reasons for the Federal Reserve to act aggressively, which is positive for the cryptocurrency market.

The market is closely monitoring any hints from the central bank that could clarify future monetary policy. If the Fed indeed adopts a more dovish stance, the cryptocurrency market will likely react positively, potentially driving further price increases in major digital assets.

However, despite the current positive signals, it is important to remain cautious. Any unexpected statements or new information beyond current expectations could provoke volatility. Traders and investors should be prepared for various scenarios and diversify their portfolios to minimize risks—especially given the current challenging geopolitical environment.

Moreover, the development of major cryptocurrency projects and regulatory news at a global level may also significantly influence market dynamics. Innovations in blockchain technology and the emergence of new promising projects could serve as additional growth drivers.

Regarding the intraday strategy on the cryptocurrency market, I will continue to focus on significant pullbacks in Bitcoin and Ethereum, anticipating the continuation of the long-term bullish market, which has not gone away.

For short-term trading, the strategy and conditions are described below.

Bitcoin

Buy Scenario

Scenario No. 1: I plan to buy Bitcoin today at an entry point around $77,300, with a target of $78,100. At $78,100, I plan to exit the buys and sell immediately on the bounce. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome indicator is above zero.

Scenario No. 2: I can buy Bitcoin at the lower boundary of $76,900 if there is no market reaction to a breakout back to $77,300 and $78,100.

Sell Scenario

Scenario No. 1: I plan to sell Bitcoin today upon reaching an entry point around $76,900, with a target drop to $76,200. At $76,200, I plan to exit the sales and buy immediately on the bounce. Before selling on a breakout, ensure that the 50-day moving average is above the current price and that the Awesome indicator is in the zone below zero.

Scenario No. 2: I can sell Bitcoin at the upper boundary of $77,300 if there is no market reaction to a breakout back to $76,900 and $76,200.

Ethereum

Buy Scenario

Scenario No. 1: I plan to buy Ethereum today upon reaching an entry point around $2,335, with a target price of $2,363. At $2,363, I plan to exit the buys and sell immediately on the bounce. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome indicator is above zero.

Scenario No. 2: I can buy Ethereum at the lower boundary of $2,320 if there is no market reaction to a breakout back to $2,335 and $2,363.

Sell Scenario

Scenario No. 1: I plan to sell Ethereum today upon reaching an entry point around $2,320, with a target drop to $2,297. At $2,297, I plan to exit the sales and buy immediately on the bounce. Before selling on a breakout, ensure that the 50-day moving average is above the current price and that the Awesome indicator is in the zone below zero.

Scenario No. 2: I can sell Ethereum at the upper boundary of $2,335 if there is no market reaction to a breakout back to $2,320 and $2,297.