Bitcoin remains below $100,000, which is a concerning signal for traders. The recent price update to $93,000 and the lackluster buying activity that followed indicate that traders are not yet ready to return to the market, fearing further declines in BTC and the broader cryptocurrency market. Ethereum also nearly tested the $3,000 mark yesterday.

According to the latest data from CryptoQuant, there has been a significant inflow of USDT and USDC (ERC20) onto exchanges. The last time such a large inflow was observed was before the massive BTC rally in November 2024. However, in November 2024, BTC was in a strong bullish trend following the excitement of Trump's election victory. Currently, BTC is trading significantly below its 200-day moving average, with no trace of the bullish market associated with Trump.

Despite the bearish appearance, such a significant influx of stablecoins could signal that large players are preparing for new buying opportunities. Investors may be waiting for clearer signals regarding a trend reversal or to identify BTC's new bottom to purchase at better prices. The inflows of USDT and USDC provide the liquidity needed to implement these plans. It is also important to consider that bearish markets often feature periods of relative consolidation, during which large players accumulate positions in anticipation of future growth. The current situation may represent such a consolidation phase preceding a new bullish market.

As for intraday strategies in the cryptocurrency market, I will continue to rely on significant dips in Bitcoin and Ethereum, expecting the bullish market to continue in the medium term, which remains intact.

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

Bitcoin

Buying Scenario

• Scenario No. 1: I will buy Bitcoin today when it reaches the entry point around $95,400, targeting a move to $97,000. I plan to exit my purchases around $97,800 and sell immediately on a rebound. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome indicator is above zero.
• Scenario No. 2: Buying Bitcoin can be considered at the lower boundary of $94,500 if there is no market reaction to its breakout back to $95,400 and $97,000.

Selling Scenario

• Scenario No. 1: I will sell Bitcoin today when it reaches the entry point around $94,500, targeting a decline to $92,700. I plan to exit my sales around $92,700 and buy immediately on a rebound. Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome indicator is below zero.
• Scenario No. 2: Selling Bitcoin can be considered at the upper boundary of $95,400 if there is no market reaction to its breakout back to $94,500 and $92,700.

Ethereum

Buying Scenario

• Scenario No. 1: I will buy Ethereum today when it reaches the entry point around $3,212, targeting a move to $3,350. I plan to exit my purchases around $3,350 and sell immediately on a rebound. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome indicator is above zero.
• Scenario No. 2: Buying Ethereum can be considered at the lower boundary of $3,150 if there is no market reaction to its breakout back to $3,212 and $3,350.

Selling Scenario

• Scenario No. 1: I will sell Ethereum today when it reaches the entry point around $3,150, targeting a decline to $3,015. I plan to exit my sales at around $3,015 and buy immediately on a rebound. Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome indicator is below zero.
• Scenario No. 2: Selling Ethereum can be considered at the upper boundary of $3,212 if there is no market reaction to its breakout back to $3,150 and $3,015.