Yesterday, Ethereum reached a new all-time high of around $4,950, but it quickly declined and is now trading at $4,653. The reasons for such a sharp reversal may vary: profit-taking by big players, concerns about tighter regulation, or simply a technical correction after an extended period of growth. It is important to note that such fluctuations are a regular phenomenon in the cryptocurrency market, and investors should be prepared for such scenarios.

Despite the recent pullback, most experts remain optimistic about Ethereum's long-term prospects. Technological innovations, the growth of the DeFi sector, and increasing interest from institutional investors provide a favorable foundation for further growth. However, short-term fluctuations are inevitable, and investors should exercise caution and take a balanced approach to decision-making.

Bitcoin, after a fairly large rebound to the $117,000 area on Friday, which followed comments from Federal Reserve Chairman Jerome Powell, yesterday traded at $110,000, completely erasing all its gains.

Traders, encouraged by Powell's optimistic remarks about slowing inflation and possible monetary policy easing in the future, rushed back into the cryptocurrency market, driving Bitcoin higher. However, the euphoria was short-lived. By Saturday, it became clear that the rally was more speculative than fundamental. Trading volumes remained relatively low, and no significant institutional activity was observed. This allowed large holders of cryptocurrency — the so-called "whales" — to lock in profits, which led to a sharp decline in price by Sunday evening.

As for the intraday strategy in the cryptocurrency market, I will continue to rely on any major pullbacks in Bitcoin and Ethereum as opportunities, betting on the continuation of the medium-term bullish market, which is still intact.

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

Bitcoin

Buy Scenario

Scenario #1: I will buy Bitcoin today at an entry point around $112,400 with a target of $113,500. Around $113,500, I plan to exit long positions and immediately sell on the rebound. Before buying on the breakout, it is necessary to make sure that the 50-day moving average is below the current price and that the Awesome indicator is above zero.

Scenario #2: Bitcoin can also be bought from the lower boundary of $111,500 if there is no market reaction to its breakout, with a rebound toward $112,400 and $113,500.

Sell Scenario

Scenario #1: I will sell Bitcoin today at an entry point around $111,100 with a target of $110,500. Around $110,500, I plan to exit short positions and immediately buy on the rebound. Before selling on the breakout, it is necessary to make sure that the 50-day moving average is above the current price and that the Awesome indicator is below zero.

Scenario #2: Bitcoin can also be sold from the upper boundary of $112,500 if there is no market reaction to its breakout, with a rebound toward $111,100 and $110,500.

Ethereum

Buy Scenario

Scenario #1: I will buy Ethereum today at an entry point around $4,709 with a target of $4,855. Around $4,855 dollars, I plan to exit long positions and immediately sell on the rebound. Before buying on the breakout, it is necessary to make sure that the 50-day moving average is below the current price and that the Awesome indicator is above zero.

Scenario #2: Ethereum can also be bought from the lower boundary of $4,608 if there is no market reaction to its breakout, with a rebound toward $4,709 and $4,855.

Sell Scenario

Scenario #1: I will sell Ethereum today at an entry point around $4,608 with a target of $4,468. Around $4,468, I plan to exit short positions and immediately buy on the rebound. Before selling on the breakout, it is necessary to make sure that the 50-day moving average is above the current price and that the Awesome indicator is below zero.

Scenario #2: Ethereum can also be sold from the upper boundary of $4,709 if there is no market reaction to its breakout, with a rebound toward $4,608 and $4,468.