empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

10.04.202508:05 Forex Analysis & Reviews: Trading Recommendations for the Cryptocurrency Market on April 10

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Bitcoin and Ethereum both surged, gaining between 6% and 10% on news that Trump had suddenly changed his mind.

A strong wave of FOMO is evident in BTC following news of a 90-day pause on U.S. reciprocal tariffs. However, this is no time for euphoria or panic buying. It's important to understand that the trade war issue remains unresolved. Moreover, historical analysis shows that such "pauses" often provide only temporary relief, usually followed by renewed tensions and subsequent sell-offs of risk assets. Investors are advised to remain cautious and not be swayed by short-term market swings.

Exchange Rates 10.04.2025 analysis

Instead of impulsive purchases driven by fear of missing out, it's better to stick to a well-crafted trading strategy. Asset diversification, prudent capital allocation, and stop-loss levels help reduce risks and protect long-term investments. One must remember that the crypto market is highly volatile, and caution remains the trader's best ally.

On the crypto market, I will continue to operate based on major pullbacks in Bitcoin and Ethereum, expecting a bullish trend to resume in the medium term, which is still intact.

As for short-term trading, the strategy and conditions are described below.

Exchange Rates 10.04.2025 analysis

Bitcoin

Buy Scenario

Scenario #1:

Buy Bitcoin today at the entry point near $82,350, with a target of $84,400. I plan to exit long positions around $84,400 and open short positions on the pullback.

Important: Before entering on a breakout, confirm that the 50-day moving average is below the current price, and the Awesome Oscillator is in positive territory.

Scenario #2:

Buy Bitcoin from the lower boundary of $81,200 if there's no reaction to a downward breakout, targeting a rebound toward $82,350 and $84,400.

Sell Scenario

Scenario #1:

Sell Bitcoin today at the entry point near $81,200, targeting a drop to $79,600. Exit shorts and consider buying at the bounce from $79,600.

Important: Before entering on a breakout, make sure the 50-day moving average is above the current price, and the Awesome Oscillator is in negative territory.

Scenario #2:

Sell Bitcoin from the upper boundary of $82,400 if there's no breakout reaction, targeting a move back to $81,200 and $79,600.

Exchange Rates 10.04.2025 analysis

Ethereum

Buy Scenario

Scenario #1:

Buy Ethereum today at the entry point near $1,639, aiming for a rise to $1,695. Exit long positions at $1,695 and switch to shorts on the pullback. Important: Confirm that the 50-day moving average is below the current price, and the Awesome Oscillator is in positive territory.

Scenario #2:

Buy Ethereum from the lower boundary of $1,597 if there's no breakout response, targeting a rebound to $1,639 and $1,695.

Sell Scenario

Scenario #1:

Sell Ethereum today at the entry point near $1,597, targeting a fall to $1,540. Exit shorts at $1,540 and open long positions on the bounce.

Important: Ensure the 50-day moving average is above the current price, and the Awesome Oscillator is in negative territory.

Scenario #2:

Sell Ethereum from the upper boundary of $1,639 if there's no breakout reaction, targeting a return to $1,597 and $1,540.

Miroslaw Bawulski
Analytical expert of InstaForex
© 2007-2025

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade



You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.
Widget callback

Turn "Do Not Track" off