Bitcoin is being pressured, but it still holds up quite confidently. After rebounding from the $92,000 mark, the first cryptocurrency returned to the $94,000 area, maintaining good growth prospects. The situation with Ethereum is more complicated: the observed pressure is leading to much larger sell-offs, although buyers are still managing to hold their ground for now.

Overall, all the corrections that have occurred recently following the significant growth of the cryptocurrency market early last week have been relatively orderly and calm, which preserves the chances for continued upward potential.

According to the latest data, the total net inflow into spot Bitcoin ETFs exceeded $3 billion last week, while the net inflow into spot Ethereum ETFs over the same period was $157 million.

This impressive capital inflow into Bitcoin ETFs reflects growing institutional interest and increasing confidence in cryptocurrency as an asset class. Investors seeking diversification and protection against inflation increasingly view Bitcoin as a promising tool.

Simplified access to Bitcoin via ETFs attracts experienced traders and newcomers who want to enter the crypto world without needing to buy and store digital assets directly. Given the recent strong market growth, this inflow is fueling new discussions about the continuation of the medium-term bullish trend.

The observed capital inflows into spot Bitcoin and Ethereum ETFs indicate sustained investor interest in cryptocurrencies and their growing integration into traditional financial markets.

Regarding the intraday strategy on the cryptocurrency market, I will continue to base my actions on any major pullbacks in Bitcoin and Ethereum, counting on continuing the medium-term bullish trend, which remains intact.

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

Bitcoin

Buy Scenario

Scenario #1: Today, I plan to buy Bitcoin upon reaching the entry point of around $94,400, with a target growth of $95,400. Around $95,400, I plan to exit purchases and immediately sell on the pullback. Before buying on the breakout, it is important to ensure that the 50-day moving average is below the current price and that the Awesome indicator is in the positive zone.

Scenario #2: If the market does not react to Bitcoin's breakout, it can also be bought from the lower boundary of $93,800, aiming for levels of $94,400 and $95,400.

Sell Scenario

Scenario #1: Today, I plan to sell Bitcoin upon reaching the entry point of around $93,800, with a target decline of $92,800. Around $92,800, I plan to exit sales and immediately buy on the rebound. Before selling on the breakout, ensuring that the 50-day moving average is above the current price and that the Awesome indicator is in the negative zone is essential.

Scenario #2: Bitcoin can also be sold from the upper boundary of $94,400 if there is no market reaction to its breakout, aiming for $93,800 and $92,800.

Ethereum

Scenario #1: Today, I plan to buy Ethereum upon reaching the entry point around $1805 with a target growth to the $1848 level. Around $1848, I plan to exit purchases and immediately sell on the pullback. Before buying on the breakout, it is important to ensure that the 50-day moving average is below the current price and that the Awesome indicator is in the positive zone.

Scenario #2: If the market does not react to Ethereum's breakout, it can also be bought from the lower boundary of $1782, aiming for levels $1805 and $1848.

Sell Scenario

Scenario #1: Today, I plan to sell Ethereum upon reaching the entry point around $1782, with a target decline to the $1747 level. Around $1747, I plan to exit sales and immediately buy on the rebound. Before selling on the breakout, ensuring that the 50-day moving average is above the current price and that the Awesome indicator is in the negative zone is important.

Scenario #2: If the market does not react to Ethereum's breakout, it can also be sold from the upper boundary of $1805, aiming for levels $1782 and $1747.