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Bitcoin spent the weekend relatively calmly, trading within the range of $ 117,000 to $ 118,500, while Ethereum posted a solid gain, updating its monthly high to around $ 3,800, where it is currently trading.
The market is being supported by recently passed and signed bills related to the cryptocurrency sector in the U.S. Mastercard called the GENIUS Act a turning point for the mass adoption of stablecoins. Regulated institutions can now issue stablecoins backed by U.S. dollars, and major companies such as JPMorgan, Citi, Bank of America, Amazon, and Apple are already developing corresponding plans.
This step marks a major shift in how the traditional financial sector views digital currencies. Once seen as risky and unregulated assets, stablecoins backed by strong fiat currencies are now recognized as potentially efficient tools for fast, low-cost, and transparent transactions. The GENIUS Act provides the regulatory framework necessary to build trust in these assets, opening the door to their widespread use by both individuals and businesses.
Interest from giants like JPMorgan, Citi, and Bank of America signals a serious intention to integrate stablecoins into the existing financial infrastructure. The involvement of Amazon and Apple also highlights the potential for stablecoin use in e-commerce and digital payments. This could lead to reduced transaction fees, faster settlements, and simplified international payments.
Regarding the intraday strategy on the cryptocurrency market, I will continue to act based on any major dips in Bitcoin and Ethereum, anticipating a continuation of the medium-term bullish trend, which remains intact.
Short-term trading strategies are outlined below.
Scenario #1: I plan to buy Bitcoin today upon reaching the entry point near $119,200 with a target of rising to $120,200. Around 120,200, I will exit long positions and sell immediately on a rebound. Before buying on a breakout, ensure that the 50-day moving average is below the current price and the Awesome Oscillator is above zero.
Scenario #2: Bitcoin can also be bought from the lower boundary at $118,100 if there is no market reaction to its breakout, with targets at $119,200 and $120,200.
Scenario #1: I plan to sell Bitcoin today upon reaching the entry point at $118,100 with a target of falling to $116,800. Around 116,800, I will exit short positions and buy immediately on a rebound. Before selling on a breakout, make sure the 50-day moving average is above the current price and the Awesome Oscillator is below zero.
Scenario #2: Bitcoin can also be sold from the upper boundary at $119,200 if there is no market reaction to its breakout, with targets at $118,100 and $116,800.
Scenario #1: I plan to buy Ethereum today upon reaching the entry point near $3,838, with a target of rising to $3,908. Around 3,908, I will exit long positions and sell immediately on a rebound. Before buying on a breakout, ensure that the 50-day moving average is below the current price and the Awesome Oscillator is above zero.
Scenario #2: Ethereum can also be bought from the lower boundary at $3,772 if there is no market reaction to its breakout, with targets at $3,838 and $3,908.
Scenario #1: I plan to sell Ethereum today upon reaching the entry point at $3,772, with a target of falling to $3,693. Around 3,693, I will exit short positions and buy immediately on a rebound. Before selling on a breakout, make sure the 50-day moving average is above the current price and the Awesome Oscillator is below zero.
Scenario #2: Ethereum can also be sold from the upper boundary at $3,838 if there is no market reaction to its breakout, with targets at $3,772 and $3,693.