empty
23.04.2025 09:03 AM
Trading Recommendations for the Cryptocurrency Market on April 23

Bitcoin has successfully pushed above $90,000, while Ethereum added more than 10% in just one day, rebounding to $1800.

The main catalyst was Donald Trump's statement yesterday, clarifying that firing Jerome Powell from the Federal Reserve Chair position is not his goal. Trump also made concessions regarding trade tariffs on China, easing market tensions and enabling U.S. stock indices to post substantial gains—gains that, in turn, pulled the cryptocurrency market upward, given the strong correlation between the two in recent months.

This image is no longer relevant

Buoyed by this sentiment, investors regained confidence in the stability of economic policy, which immediately translated into growth across digital assets. Many analysts now suggest this could be the beginning of a new rally fueled by macroeconomic factors and increasing institutional interest.

Ethereum, the second-largest cryptocurrency by market cap, also showed impressive performance, climbing back to $1800. Experts attribute this to the upcoming Ethereum network upgrade, which is expected to improve scalability and efficiency. Anticipation of these fundamental improvements is attracting new investors and supporting current holders.

Despite the growing optimism, experts advise caution. The cryptocurrency market remains highly volatile, and sudden policy or investor sentiment shifts could trigger corrections. Portfolio diversification and avoiding FOMO (fear of missing out) remain key.

In the coming weeks, the crypto market will closely monitor Trump's further statements and developments in U.S.-China trade negotiations. A successful resolution to trade tensions could boost crypto, while setbacks could reignite uncertainty.

For the intraday crypto strategy, I'll continue focusing on buying any major dips in Bitcoin and Ethereum, betting on the mid-term bull market continuing.

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

This image is no longer relevant

Bitcoin

Buy Scenario

Scenario #1: If the entry point at $94,200 is reached, I plan to buy Bitcoin today, targeting a rise to $96,200. I will close my buy position at $96,200 and immediately open a short position on the pullback. Before initiating the breakout buy, ensure the 50-day moving average is below the current price and the Awesome Oscillator is in the positive zone.

Scenario #2: Alternatively, I will buy Bitcoin from the lower boundary at $92,800, provided there is no market reaction to a breakout below it, aiming for a rebound to $94,200 and $96,200.

Sell Scenario

Scenario #1: If the entry point at $92,800 is reached, I will sell Bitcoin today, targeting a drop to $90,800. I will close the sell position at $90,800 and immediately buy on the bounce. Before the breakout sell, confirm that the 50-day moving average is above the current price and the Awesome Oscillator is in the negative zone.

Scenario #2: If the breakout does not follow through, I can also sell Bitcoin from the upper boundary at $94,200, targeting levels of $92,800 and $90,900.

This image is no longer relevant

Ethereum

Buy Scenario

Scenario #1: If the entry point at $1822 is reached, I plan to buy Ethereum today, targeting a move to $1886. I will close the buy position at $1886 and sell on the bounce. Before initiating the breakout buy, ensure the 50-day moving average is below the current price and the Awesome Oscillator is in the positive zone.

Scenario #2: Alternatively, I will buy Ethereum from the lower boundary at $1774, provided there's no market reaction to a breakout below it, targeting $1822 and $1886.

Sell Scenario

Scenario #1: I will sell Ethereum today if the entry point at $1774 is reached, aiming for a drop to $1726. I'll close the short at $1726 and immediately buy on the bounce. Before selling, I will confirm that the 50-day moving average is above the current price and the Awesome Oscillator is in the negative zone.

Scenario #2: If the breakout fails, I can also sell from the upper boundary at $1822, targeting levels of $1774 and $1726.

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Maxim Magdalinin
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Major players fix huge profits in crypto market

Yesterday, Bitcoin and Ether saw a sharp drop in the second half of the day, but these losses were gradually bought back, halting what was likely a large-scale sell-off triggered

Jakub Novak 10:30 2025-08-15 UTC+2

Trading Recommendations for the Cryptocurrency Market on August 15

Bitcoin, after updating its all-time high, then declined sharply during U.S. trading, holding near the 117,100 level, below which it must not fall, as that would significantly harm the ongoing

Miroslaw Bawulski 08:57 2025-08-15 UTC+2

Solana is attempting to break above its pivot level today. Friday, August 15, 2025.

[Solana] – [Friday, August 15, 2025] With the EMA (50) and EMA(200) condition crossing with a Golden Cross, and the RSI (14) at a neutral bullish level, Solana is high

Arief Makmur 07:00 2025-08-15 UTC+2

Filecoin has the potential to weaken and fall to its nearest support level. Friday, August 15, 2025.

[Filecoin] – [Friday, August 15, 2025] With the RSI(14) in the Neutral-Bearish area and the EMA(50) below the EMA(200) (intersecting a Death Cross), there is a high probability of Filecoin

Arief Makmur 06:50 2025-08-15 UTC+2

Trading tips for crypto market on August 14 (North American session)

Bitcoin slipped from its "pedestal" and is now trading around $121,600. The clear absence of a large buyer, seen yesterday, opens the door for a deeper correction in the leading

Miroslaw Bawulski 16:26 2025-08-14 UTC+2

Big players' money brings Ethereum closer to its all-time high

Over the past week, spot ETH exchange-traded funds have seen record demand, including a $1 billion inflow in a single day. Meanwhile, recent policy changes—from the White House opening 401(k)

Jakub Novak 15:45 2025-08-14 UTC+2

Ethereum one step away from updating all-time high

Ethereum made strong gains yesterday, stopping just one step short of refreshing its all-time high, touching the 4,785 mark. Bitcoin, on the other hand, despite all challenges, managed to break

Jakub Novak 10:29 2025-08-14 UTC+2

Trading Recommendations for the Cryptocurrency Market on August 14

Bitcoin has reached a new all-time high, while Ethereum narrowly missed achieving the same milestone. In the past 24 hours, Bitcoin has increased by 3.17% and is currently trading

Miroslaw Bawulski 08:58 2025-08-14 UTC+2

One more step in developing decentralized crypto apps

Bitcoin is holding up quite well, even around the $120,000 mark, which keeps the chances of further growth alive, with a move toward $126,000 possible in the coming days. Ether

Jakub Novak 14:56 2025-08-13 UTC+2

Ethereum Foundation sells Ether

While Ether's price is just a step away from reaching a new all-time high, the Ethereum Foundation has begun gradually selling its holdings. This move certainly raises some eyebrows

Jakub Novak 09:35 2025-08-13 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.