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Yesterday, Bitcoin managed to hold above the $113,000 level, which indicates a relatively high probability of further growth. Ethereum also posted a strong move upward.
This growth is not surprising. According to reports from several expert firms, buying demand for BTC has surged in recent days, hitting a historic record. CryptoQuant attributes this to inflows of new investments and idle funds from institutional players. This surge in interest clearly shows Bitcoin's growing recognition as a legitimate asset class among large investment funds and corporations.
Institutional investors, who are traditionally more conservative, are increasingly viewing BTC as a means of portfolio diversification and risk hedging—especially in a macro environment of uncertainty and inflationary pressure. The current dynamics also signal that Bitcoin is entering a new stage of maturity, where institutionals play a more important role. The further development of this trend will likely depend on the market's ability to adapt to new challenges and maintain sufficient transparency and safety for all participants.
SoSoValue has also noted a very active surge in spot BTC ETF inflows, further confirming Bitcoin's strengthened position in the traditional financial sphere and expanding investor interest. ETFs allow for indirect investment in Bitcoin, bypassing technical challenges related to direct storage and management of cryptocurrencies.
For the crypto market, I will continue to look to buy notable dips in Bitcoin and Ethereum, aiming for sustained bullish medium-term momentum. That trend remains intact.
See below for the detailed short-term strategy and conditions:
Bitcoin
Buy Scenario
- Scenario 1: I will buy Bitcoin today if it reaches the entry point around $114,500, targeting a rise to $115,800. Around $115,800, I'll close longs and sell immediately on a pullback. Before breakout buying, make sure the 50-day moving average is below the current price and the Awesome Oscillator is above zero.
- Scenario 2: Buy from the lower boundary at $113,800 if there is no significant market reaction to a downside breakout, targeting moves back toward $114,500 and $115,800.
Sell Scenario
- Scenario 1: I will sell Bitcoin today if it reaches the $113,800 entry area, targeting a fall to $112,300. Around $112,300, I'll exit shorts and immediately buy on a rebound. For breakout sales, confirm the 50-day moving average is above the current price and the Awesome Oscillator is below zero.
- Scenario 2: Sell from the upper boundary at $114,500 if there is no market reaction to a breakout through this level to the upside, targeting moves back toward $113,800 and $112,300.
Ethereum
Buy Scenario
- Scenario 1: I will buy Ethereum today if it reaches $4,434, targeting a rise to $4,484. Around $4,484, I'll close longs and sell immediately on a pullback. Before executing a breakout buy, ensure the 50-day moving average is below the current price and the Awesome Oscillator is above zero.
- Scenario 2: Buy from the lower boundary at $4,397 if there is no market reaction to a downside breakout, with targets at $4,434 and $4,484.
Sell Scenario
- Scenario 1: I will sell Ethereum today if it reaches $4,397, targeting a drop to $4,349. Around $4,349, I'll exit shorts and buy on a pullback. For breakout sales, confirm the 50-day moving average is above the current price and the Awesome Oscillator is below zero.
- Scenario 2: Sell from the upper boundary at $4,434 if there is no market reaction to an upside breakout, targeting $4,397 and $4,349.
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