See also
29.05.2025 08:56 AMBitcoin is starting a correction, and Ethereum is showing signs of strength. Yesterday, Bitcoin dipped to around $107,000 before rebounding sharply — a sign that many traders are cautious about buying at current levels.
Some doubt that the bull market can continue without a correction, while others were banking on positive news from yesterday's Bitcoin 2025 conference in Las Vegas—but those expectations went unmet.
One notable moment at the event was a speech by U.S. Vice President J.D. Vance, who emphasized the growing strategic importance of BTC and digital assets in the American economy. His optimistic remarks about the innovative potential of blockchain served as a clear signal to investors and regulators. Vance noted that digital assets are not just a passing trend but a key element of the future financial system, capable of driving economic growth and creating new jobs. In his view, BTC and other cryptocurrencies are tools that can strengthen America's global economic position. He stressed the need for a clear and transparent regulatory framework that fosters innovation while protecting consumers and preventing abuse. Vance expressed confidence that the U.S. should lead in the digital asset space and called for collaboration between the public and private sectors to achieve that goal.
Despite Bitcoin's correction, the bull market remains intact for now.
I will continue to act on any significant dips in Bitcoin and Ethereum, expecting the medium-term bullish trend to remain in place.
As for short-term trading, the strategy and conditions are described below.
Scenario #1: I plan to buy Bitcoin today at the entry point around $108,100, targeting a rise to $109,000. At $109,000, I will exit long positions and immediately sell on the rebound.
Important: Before buying on a breakout, confirm that the 50-day moving average is below the current price and that the Awesome Oscillator is above zero.
Scenario #2: Buying is also possible from the lower boundary of $107,400, provided there is no market reaction to a breakout below this level, with a rebound back to $108,100 and $109,000.
Scenario #1: I plan to sell Bitcoin today at the entry point around $107,400, targeting a drop to $106,300. At $106,300, I will exit short positions and buy on the rebound.
Important: Before selling on a breakout, confirm that the 50-day moving average is above the current price and that the Awesome Oscillator is below zero.
Scenario #2: Selling is also possible from the upper boundary of $108,100 if there is no market reaction to a breakout above it, targeting a return to $107,400 and $106,300.
Scenario #1: I plan to buy Ethereum today at the entry point around $2746, targeting a rise to $2807. At $2807, I will exit long positions and sell on the rebound.
Important: Before buying on a breakout, confirm that the 50-day moving average is below the current price and that the Awesome Oscillator is above zero.
Scenario #2: Buying is also possible from the lower boundary of $2708 if there is no market reaction to a breakout below it, aiming for a return to $2746 and $2807.
Scenario #1: I plan to sell Ethereum today at the entry point around $2708, targeting a drop to $2653. At $2653, I will exit short positions and buy on the rebound.
Important: Before selling on a breakout, confirm that the 50-day moving average is above the current price and that the Awesome Oscillator is below zero.
Scenario #2: Selling is also possible from the upper boundary of $2746 if there is no market reaction to a breakout above it, targeting a return to $2708 and $2653.
