30.01.202508:43 Forex-elemzések és áttekintések: Trading Recommendations for the Cryptocurrency Market on January 30

Bitcoin and Ethereum rose following yesterday's Federal Reserve meeting, where interest rates were kept unchanged.

The lack of new announcements from the Fed bolstered demand in the cryptocurrency market, as officials did not express significant concerns about the future of the U.S. economy. While it is expected that rate cuts may not begin until summer, there are no indications of delays beyond that timeframe. Once inflation begins to decline again, the Fed is anticipated to resume its monetary policy easing cycle. This has helped the crypto market regain confidence and sustain demand for riskier assets.

The cryptocurrency market is currently benefitting from the stability of the Fed's monetary policy. Investors view the current environment positively, as the lack of new restrictive measures provides opportunities for growth and flexibility. The decline in inflation allows the Fed to adopt a more adaptable approach, which is crucial for encouraging investments in high-risk assets. Additionally, there is growing excitement around potential new projects and technologies that could further stimulate interest in cryptocurrencies. Innovations and advancements in blockchain technology continue to attract attention, providing additional incentives for investors. This interest is reflected in the sustained popularity of digital currencies such as Bitcoin and Ethereum, which remain top choices for many investors looking to diversify their portfolios.

As for the intraday strategy in the cryptocurrency market, I will continue to take action, particularly during any significant pullbacks in Bitcoin and Ethereum. I remain optimistic about the continuation of the medium-term bull market, which has remained intact.

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

Bitcoin

Buy Scenario

• Scenario #1: I will buy Bitcoin today upon reaching the entry point around $105,700, targeting $107,000. At $107,000, I will exit the buy position and sell immediately on a pullback. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome Oscillator is in the positive zone.
• Scenario #2: Bitcoin can also be bought from the lower boundary of $104,500 if there is no market reaction to its breakout in the opposite direction towards $105,700 and $107,000.

Sell Scenario

• Scenario #1: I will sell Bitcoin today upon reaching the entry point around $104,500, targeting $102,800. At $102,800, I will exit the sell position and buy immediately on a pullback. Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome Oscillator is in the negative zone.
• Scenario #2: Bitcoin can also be sold from the upper boundary of $105,700 if there is no market reaction to its breakout in the opposite direction towards $104,500 and $102,800.

Ethereum

Buy Scenario

• Scenario #1: I will buy Ethereum today upon reaching the entry point around $3,229, targeting $3,300. At $3,300, I will exit the buy position and sell immediately on a pullback. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome Oscillator is in the positive zone.
• Scenario #2: Ethereum can also be bought from the lower boundary of $3,177 if there is no market reaction to its breakout in the opposite direction towards $3,229 and $3,300.

Sell Scenario

• Scenario #1: I will sell Ethereum today upon reaching the entry point around $3,177, targeting $3,078. At $3,078, I will exit the sell position and buy immediately on a pullback. Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome Oscillator is in the negative zone.
• Scenario #2: Ethereum can also be sold from the upper boundary of $3,229 if there is no market reaction to its breakout in the opposite direction towards $3,177 and $3,078.