While Bitcoin and Ethereum teeter on the brink of another major sell-off — something clearly unwelcome for many leveraged futures traders — Federal Reserve Governor Christopher Waller stated that the central bank must move toward adopting technologies and innovations, including digital assets.

"Both the private sector and the Fed contribute to strengthening the US payment system," Waller said at a blockchain symposium. "It is important for the Federal Reserve to continue leveraging technological advancements to modernize its services and to keep supporting innovation in the private sector."

Importantly, in recent months, the Federal Reserve has taken several steps signaling greater support for cryptocurrencies, reflecting a shift in its stance toward digital assets. These include ending the supervisory program for banks engaged with cryptocurrencies and removing "reputational risk" from bank examinations — a move seen as a victory against crypto de-banking.

Together, these actions have created a more favorable climate for the crypto industry in the United States. Previously, regulatory uncertainty and hostility from financial institutions restrained the sector's growth. Now, the Fed's softer approach is opening doors for more active participation from traditional banks, fostering innovation and capital inflows. Moreover, this policy change may reflect recognition that cryptocurrencies have become an integral part of the global financial system and can no longer be ignored.

Back in April, the US central bank scrapped guidelines that discouraged banks from engaging in crypto and stablecoin operations. Michelle Bowman, Fed Vice Chair for Supervision, recently stressed the need for banks and regulators to stay open to new technologies and abandon overly cautious thinking.

Intraday crypto trading strategy Going forward, I will continue to build positions around major Bitcoin and Ethereum pullbacks, expecting the medium-term bull market to remain intact.

Bitcoin

Buy scenarios

Scenario 1: Buy at the $113,600 entry point with a target of $114,600. Exit longs and sell on the rebound at $114,600. Before entering, ensure the 50-day moving average is below the current price and the Awesome Oscillator is above zero.

Scenario 2: Buy from the lower border of $113,000 if there is no downside reaction, targeting $113,600 and $114,600.

Sell scenarios

Scenario 1: Sell at the $113,000 entry point with a target of $112,000. Exit shorts and buy on the rebound at $112,000. Before entering, ensure the 50-day moving average is above the current price and the Awesome Oscillator is below zero.

Scenario 2: Sell from the upper border of $113,600 if there is no upside breakout, targeting $113,000 and $112,000.

Ethereum

Buy scenarios

Scenario 1: Buy at the $4,323 entry point with a target of $4,439. Exit longs and sell on the rebound at $4,439. Confirm that the 50-day moving average is below the current price and the Awesome Oscillator is above zero.

Scenario 2: Buy from the lower borders of $4,272 if there is no downside reaction, targeting $4,323 and $4,439.

Sell scenarios

Scenario 1: Sell at the $4,272 entry point with a target of $4,177. Exit shorts and buy on the rebound at $4,177. Confirm that the 50-day moving average is above the current price and the Awesome Oscillator is below zero.

Scenario 2: Sell from the upper borders of $4,323 if there is no upside breakout, targeting $4,272 and $4,177.