Bitcoin has retreated to almost $99,000 after yesterday's sell-off and is currently trading at $101,500, risking another test of the $100,000 level at any moment. Ethereum has also stabilized, but its momentum remains weak.

Meanwhile, well-known Arthur Hayes has stated in his new essay that the Federal Reserve is about to launch the "money printing press," after which, according to him, Bitcoin will "fly to the moon." Hayes' statement, as always, was provocative and sparked discussions within the crypto community. His argument is based on the assumption that an increase in the money supply caused by the Fed's monetary easing will inevitably lead to dollar depreciation and heightened interest in alternative assets like Bitcoin. However, it's worth noting that this scenario is not guaranteed. Any decision by the Fed to resume quantitative easing, if it occurs, may be driven by entirely different factors than simply a desire to support the market. Furthermore, the impact of the Fed's policy on Bitcoin prices is not always straightforward. The cryptocurrency market is influenced by numerous factors, including technological innovations, regulatory changes, investor sentiment, and the overall macroeconomic situation. Therefore, even if the "money printing press" is activated, there is no guarantee that Bitcoin will indeed "fly to the moon." Instead, heightened volatility and unpredictable price fluctuations are to be expected. Investors inspired by Arthur Hayes' forecasts should approach investments in Bitcoin with extreme caution and consider all potential risks.

Trading recommendations

Bitcoin

Buy scenario Scenario #1: I will consider buying Bitcoin today when it reaches the entry point around $102,500 with a target price of $104,500. At around $104,500, I will exit long positions and sell immediately on a bounce. Before buying on a breakout, it's essential to ensure that the 50-day moving average is below the current price, and the Awesome Oscillator is in the positive zone.

Scenario #2: Buying Bitcoin can also be planned from the lower border of $101,300 if there is no market reaction to a breakout back towards levels of $102,500 and $104,500.

Sell scenario Scenario #1: I will sell Bitcoin today when it reaches the entry point around $101,300 with a target of $99,000. At around $99,000, I will exit short positions and buy immediately during a dip. Before selling on a breakout, it's necessary to check that the 50-day moving average is above the current price, and the Awesome Oscillator is in the negative zone.

Scenario #2: Selling Bitcoin can be considered from the upper border of $102,500 if there is no market reaction to a breakout back toward levels of $101,300 and $99,000.

Ethereum

Buy scenario Scenario #1: I will consider buy positions for Ethereum today when the price reaches the entry point around $3,375 with a target of $3,497. At around $3,497, I will exit long positions and sell immediately during a bounce. Before buying on a breakout, it's important to make sure that the 50-day moving average is below the current price, and the Awesome Oscillator is in the positive zone.

Scenario #2: Buying Ethereum can also be done from the lower border of $3,289 if there is no market reaction to a breakout back toward levels of $3,375 and $3,497.

Sell scenario Scenario #1: I will sell Ethereum today when it reaches the entry point around $3,289, bearing in mind a drop to $3,117. At around $3,117, I will exit short positions and buy immediately during a dip. Before selling on a breakout, it's essential to ensure that the 50-day moving average is above the current price, and the Awesome Oscillator is in the negative zone.

Scenario #2: Selling Ethereum can be planned from the upper border of $3,375 if there is no market reaction to a breakout back toward levels of $3,289 and $3,117.