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10.02.202510:30 Forex Analysis & Reviews: Trading Recommendations for the Cryptocurrency Market on February 10th

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Over the weekend, Bitcoin and Ethereum remained within their average ranges, failing to show any significant volatility. This followed an initial attempt at growth driven by strong U.S. labor market data. Bitcoin buying interest near $90,000 indicates strong market demand at lower levels. Ethereum, however, presents a more complex picture, with hedge funds increasing short positions in ETH futures—a sign of bearish sentiment.

Exchange Rates 10.02.2025 analysis

Despite growing short positions in Ethereum futures, overall crypto-ETF trends suggest increasing investor interest in both Ethereum and Bitcoin.

Crypto-ETF Inflows (Last Week vs. Previous Week):

  • BTC Spot ETFs: +$203.8M (decrease from +$559.5M)
  • ETH Spot ETFs: +$420.2M (increase from -$45.3M outflows)

These figures indicate continuous institutional investment in the crypto market, supporting its long-term bullish outlook. However, the slowing BTC-ETF inflows suggest a potential short-term consolidation before Bitcoin resumes its uptrend.

Hedge funds continue to short ETH aggressively, with record-high short positions on CME ETH futures (CFTC data). Spot market buyers counterbalance futures short positions, helping maintain price equilibrium. The broader crypto market remains structurally bullish, but short-term fluctuations and consolidations are likely.

Given the market structure, I will continue to buy BTC and ETH on major pullbacks, expecting the bullish trend to persist in the medium term.

Exchange Rates 10.02.2025 analysis

Bitcoin (BTC/USD) Trading Strategy

Buy Scenarios

Scenario #1: Buy BTC at $97,400 (entry level) with a target of $99,000. Close long positions at $99,000 and enter a sell trade on a retracement. Ensure the 50-day moving average is below the price, and the Awesome Oscillator is above zero.

Scenario #2: Buy BTC at $96,600 if price fails to break below this level. Target levels: $97,400 and $99,000.

Sell Scenarios

Scenario #1: Sell BTC at $96,700 (entry level) with a target of $95,100. Close short positions at $95,100 and enter a buy trade on a retracement. Ensure the 50-day moving average is above the price, and the Awesome Oscillator is below zero.

Scenario #2: Sell BTC at $97,400 if price fails to break above this level. Target levels: $96,700 and $95,100.

Exchange Rates 10.02.2025 analysis

Ethereum (ETH/USD) Trading Strategy

Buy Scenarios

Scenario #1: Buy ETH at $2,660 (entry level) with a target of $2,712. Close long positions at $2,712 and enter a sell trade on a retracement. Ensure the 50-day moving average is below the price, and the Awesome Oscillator is above zero.

Scenario #2: Buy ETH at $2,614 if the price fails to break below this level. Target levels: $2,660 and $2,712.

Sell Scenarios

Scenario #1: Sell ETH at $2,614 (entry level) with a target of $2,547. Close short positions at $2,547 and enter a buy trade on a retracement. Ensure the 50-day moving average is above the price, and the Awesome Oscillator is below zero.

Scenario #2: Sell ETH at $2,660 if price fails to break above this level. Target levels: $2,614 and $2,547.

Miroslaw Bawulski
Analytical expert of InstaForex
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