Bitcoin and Ethereum experienced a notable increase today after a relatively sluggish weekend, indicating a growing investor risk appetite even during these uncertain times. Recent data on inflows into spot ETFs also continues to look encouraging. Over the past trading week, the net inflow into spot BTC ETFs totaled +$744.3 million, compared to a net outflow of -$921.4 million the week before. The net outflow from spot ETH ETFs amounted to -$102.9 million, an improvement from the previous week's -$189.9 million.
This change in investor sentiment—especially evident in BTC ETFs—indicates a resurgence of confidence in crypto assets following a time of uncertainty. The reduced outflows from ETH ETFs also suggest that interest in Ethereum remains, though not as strong as in Bitcoin.
The impact of these flows on market dynamics cannot be overstated. Increased inflows into BTC ETFs may support Bitcoin's price growth, while continued outflows from ETH ETFs could limit Ethereum's upside potential. Traders should closely monitor these trends when making informed decisions.
However, unless Bitcoin firmly breaks above the $90,000 mark, it will be difficult to talk about a true renewal of the bull market. For those betting on a continued correction, now may be a good time to watch the market, as the closer Bitcoin gets to $90,000, the higher the chances of another drop.
As for intraday strategy in the crypto market, I will continue to rely on large pullbacks in Bitcoin and Ethereum, expecting the medium-term bull market to remain intact.
For short-term trading, the strategy and conditions are outlined below.
Bitcoin
Buy Scenario
Scenario 1: I will buy Bitcoin today at the entry point near $87,300, with a target of $88,800. Around $88,800, I plan to exit the long trade and sell on a rebound. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome Oscillator is in positive territory.
Scenario 2: Bitcoin can also be bought from the lower boundary at $83,700 if there is no market reaction to a breakout below, with targets at $87,300 and $88,800.
Sell Scenario
Scenario 1: I will sell Bitcoin today at the entry point near $86,300 with a target of $85,000. Around $85,000, I plan to exit the short trade and buy on a rebound. Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome Oscillator is in negative territory.
Scenario 2: Bitcoin can also be sold from the upper boundary at $87,300 if there is no market reaction to a breakout above, targeting $86,300 and $85,000.
Ethereum
Buy Scenario
Scenario 1: I will buy Ethereum today at the entry point near $2079 with a target of $2123. Around $2123, I plan to exit the long trade and sell on a rebound. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome Oscillator is in positive territory.
Scenario 2: If the market does not react to a breakout below $2044, Ethereum can also be bought from the lower boundary at $2044, targeting $2079 and $2123.
Sell Scenario
Scenario 1: I will sell Ethereum today at the entry point near $2044 with a target of $2002. Around $2002, I plan to exit the short trade and buy on a rebound. Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome Oscillator is in negative territory.
Scenario 2: Ethereum can also be sold from the upper boundary at $2079 if there is no market reaction to a breakout above, targeting $2044 and $2002.
