Apparently, Bitcoin won't settle down until it returns to the $105,000 level, which is of considerable interest to many players. Ether has also sold off today, pulling back to $4,350.

The decline in Bitcoin observed last week indicates that it is trading below the aggregate short-term holders' break-even price, who are now actively selling at a loss, suggesting a more mature market correction. This phenomenon also highlights the increasing sensitivity of investors to macroeconomic factors and regulatory changes, which are no longer providing support to the cryptocurrency market.

Still, Bitcoin's decline should also be viewed in the context of its historic volatility. Previous corrections—some even more significant—did not prevent it from reaching new all-time highs later. The key factor now is the market's ability to absorb selling pressure and find new foundational support. Moreover, the fundamental factors supporting Bitcoin's long-term growth remain intact. Limited supply, growing institutional adoption, and Bitcoin's status as digital gold continue to attract long-term-oriented investors.

However, it should be understood that a drop below $105,000 and further price declines could lead to a cascade of margin calls and further long liquidations, further intensifying pressure on the leading cryptocurrency.

As for intraday strategies on the cryptocurrency market, I will continue to act by buying on any major dips in Bitcoin and Ether, banking on the continuation of the mid-term bull market, which hasn't wavered.

Regarding short-term trading, the strategy and conditions are outlined below.

Bitcoin

Buy Scenario

• Scenario #1: I will buy Bitcoin today if it reaches the entry point around $107,900, targeting a rise to $109,100. At around $109,100, I plan to close long positions and immediately sell on a pullback. Before buying the breakout, ensure that the 50-day moving average is below the current price and that the Awesome Oscillator is above zero.

• Scenario #2: You can buy bitcoin from the lower boundary at $107,200 if there is no market reaction to its breakout in the opposite direction, aiming for moves to $107,900 and $109,100.

Sell Scenario

• Scenario #1: I will sell Bitcoin today if it reaches an entry point around $107,200, targeting a drop to $105,900. At around $105,900, I will exit my short positions and immediately buy on a rebound. Before selling the breakout, ensure the 50-day moving average is above the current price and the Awesome Oscillator is below zero.

• Scenario #2: You can sell Bitcoin from the upper boundary at $107,900 if there is no market reaction to a breakout in the opposite direction, aiming for $107,200 and $105,900.

Ethereum

Buy Scenario

• Scenario #1: I will buy Ether today if it reaches the entry point around $4,417, targeting a rise to $4,523. Around $4,523, I plan to close longs and immediately sell on a rebound. Before buying the breakout, ensure the 50-day moving average is below the current price and the Awesome Oscillator is above zero.

• Scenario #2: You can buy Ether from the lower boundary at $4,359 if there is no market reaction to its breakout in the opposite direction, aiming for $4,417 and $4,523.

Sell Scenario

• Scenario #1: I will sell Ether today if it reaches the entry point around $4,359, targeting a drop to $4,265. Around $4,265, I plan to close shorts and immediately buy on a rebound. Before selling the breakout, ensure the 50-day moving average is above the current price and the Awesome Oscillator is below zero.

• Scenario #2: You can sell Ether from the upper boundary at $4,417 if there is no market reaction to a breakout in the opposite direction, aiming for $4,359 and $4,265.