13.12.202409:36 Forex Analysis & Reviews: Trading Recommendations for the Cryptocurrency Market on December 13

President-elect Donald Trump has emerged as a leading advocate for the project. His sons, Eric and Donald Trump Jr., serve as Web3 ambassadors, while Barron Trump holds the title of DeFi Visionary. Data indicates that World Liberty Financial has acquired $10 million in Ethereum (ETH) and $1 million each in Aave (AAVE) and Chainlink (LINK) tokens. Prices for ETH surged 7%, while AAVE and LINK jumped 30% amidst bullish market sentiment.

Over the past 12 days, the wallet has invested another $30 million, purchasing 8,105 ETH at an average price of $3,700.

Trump's wallet purchases of cryptocurrency assets are being made for a reason, and the new president's plans to develop the industry could lead to some pretty good financial results. With the rapidly evolving digital marketplace, political leaders' interest in cryptocurrencies is only growing. As an experienced businessman, Trump understands that supporting this area can catalyze economic growth and innovation, especially in light of global digitalization trends. The current situation in the cryptocurrency market also opens up new horizons for investment. Trump can use his image and influence to attract additional investment.

Amid Bitcoin and Ethereum's bullish rally, altcoin season is in full swing—an opportunity not to be overlooked.

As for the intraday strategy on the short-term crypto market, I will continue leveraging major pullbacks in Bitcoin and Ethereum, anticipating the medium-term continuation of the bullish market trend, which has remained intact.

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

Bitcoin

Buy Scenario:

I will buy Bitcoin today when I reach the entry point near $100,200, with a growth target of $101,500. At $101,500, I will exit from buying and sell immediately on the rebound. Before buying on a breakout, you must ensure that the 50-day moving average is below the current price and the Awesome Oscillator is above zero.

Sell Scenario:

I will sell Bitcoin today when the entry point reaches around $99,400 to fall to the $98,100 level. In the area of $98,100, I will exit from selling and buy immediately on the rebound. Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome Oscillator is below zero.

Ethereum

Buy Scenario:

I will buy Ether today when I reach the entry point at $3934, with a growth target of $4000. At $4000, I will exit from buying and sell immediately on the rebound. Before buying on a breakout, make sure that the 50-day moving average is below the current price and the Awesome Oscillator is above zero.

Sell Scenario:

I will sell ether today when I reach the entry point near $3898 with a downside target of $3827. At $3827, I will exit from selling and buy immediately on the rebound. Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome Oscillator is below zero.