Despite growing short positions in Ethereum futures, overall crypto-ETF trends suggest increasing investor interest in both Ethereum and Bitcoin.
Crypto-ETF Inflows (Last Week vs. Previous Week):
- BTC Spot ETFs: +$203.8M (decrease from +$559.5M)
- ETH Spot ETFs: +$420.2M (increase from -$45.3M outflows)
These figures indicate continuous institutional investment in the crypto market, supporting its long-term bullish outlook. However, the slowing BTC-ETF inflows suggest a potential short-term consolidation before Bitcoin resumes its uptrend.
Hedge funds continue to short ETH aggressively, with record-high short positions on CME ETH futures (CFTC data). Spot market buyers counterbalance futures short positions, helping maintain price equilibrium. The broader crypto market remains structurally bullish, but short-term fluctuations and consolidations are likely.
Given the market structure, I will continue to buy BTC and ETH on major pullbacks, expecting the bullish trend to persist in the medium term.
Bitcoin (BTC/USD) Trading Strategy
Buy Scenarios
Scenario #1: Buy BTC at $97,400 (entry level) with a target of $99,000. Close long positions at $99,000 and enter a sell trade on a retracement. Ensure the 50-day moving average is below the price, and the Awesome Oscillator is above zero.
Scenario #2: Buy BTC at $96,600 if price fails to break below this level. Target levels: $97,400 and $99,000.
Sell Scenarios
Scenario #1: Sell BTC at $96,700 (entry level) with a target of $95,100. Close short positions at $95,100 and enter a buy trade on a retracement. Ensure the 50-day moving average is above the price, and the Awesome Oscillator is below zero.
Scenario #2: Sell BTC at $97,400 if price fails to break above this level. Target levels: $96,700 and $95,100.
Ethereum (ETH/USD) Trading Strategy
Buy Scenarios
Scenario #1: Buy ETH at $2,660 (entry level) with a target of $2,712. Close long positions at $2,712 and enter a sell trade on a retracement. Ensure the 50-day moving average is below the price, and the Awesome Oscillator is above zero.
Scenario #2: Buy ETH at $2,614 if the price fails to break below this level. Target levels: $2,660 and $2,712.
Sell Scenarios
Scenario #1: Sell ETH at $2,614 (entry level) with a target of $2,547. Close short positions at $2,547 and enter a buy trade on a retracement. Ensure the 50-day moving average is above the price, and the Awesome Oscillator is below zero.
Scenario #2: Sell ETH at $2,660 if price fails to break above this level. Target levels: $2,614 and $2,547.
