See also
Yesterday, Bitcoin and Ethereum remained under pressure, failing to receive support from major players despite attempts to break through key resistance levels. After dipping to around $130,400, Bitcoin is currently trading at $104,600, retaining the potential for a deeper decline toward $100,000. Ethereum also saw some buying interest near $2,472 but has yet to demonstrate strong bullish momentum.
Despite the Federal Reserve easing inflation fears at yesterday's meeting, Bitcoin and Ethereum continue to struggle. Under such circumstances, demand for risk assets would typically return, as the potential for rate cuts may be greater than the Fed projects. However, the lack of strong bullish impulses may lead to a new and much larger crypto market sell-off in the near future.
A notable positive news report yesterday was that 151 public companies now hold BTC on their balance sheets. This figure represents a 135% year-over-year increase, signaling growing institutional interest in Bitcoin and recognition of its potential as a hedging and portfolio diversification tool. Broader adoption of BTC among public companies may contribute to price stabilization and reduced volatility over the long term. That said, the volume of BTC held by these companies remains relatively small compared to total market capitalization. Furthermore, macro factors and retail sentiment still heavily influence Bitcoin's price.
Nevertheless, the increasing number of public firms holding BTC is an important step toward further institutionalization and its acceptance as a legitimate investment vehicle. This may also draw more regulatory attention and help define clearer rules for the crypto market.
In my intraday strategy for the cryptocurrency market, I will continue to make decisions based on significant drawdowns in Bitcoin and Ethereum, anticipating that the bull market will continue to develop in the medium term, as it remains intact.
As for short-term trading, the strategy and conditions are described below.
Scenario #1: Buy Bitcoin at $105,100, targeting a rise to $106,600. Exit long positions at $106,600 and open a short position on a rebound.
Conditions: Before executing the breakout buy, ensure the 50-day moving average is below the current price, and the Awesome Oscillator is in positive territory.
Scenario #2: Buy from the lower boundary at $104,300 if there is no follow-through market reaction on its breakout, targeting $105,100 and $106,600.
Scenario #1: Buy Bitcoin at $105,100, targeting a rise to $106,600. Exit long positions at $106,600 and open a short position on a rebound.
Conditions: Before executing the breakout buy, ensure the 50-day moving average is below the current price and the Awesome Oscillator is in positive territory.
Scenario #2: If there is no follow-through market reaction to its breakout, buy from the lower boundary at $104,300, targeting $105,100 and $106,600.
Scenario #1: Buy Ethereum at $2,529, targeting a rise to $2,576. Exit long positions at $2,576 and open a short position on a rebound.
Conditions: Before the breakout buy, ensure the 50-day moving average is below the current price and the Awesome Oscillator is in positive territory.
Scenario #2: If the market does not react to its breakout, buy from the lower boundary at $2,504, targeting $2,529 and $2,576.
Scenario #1: Buy Ethereum at $2,529, targeting a rise to $2,576. Exit long positions at $2,576 and open a short position on a rebound.
Conditions: Before the breakout buy, ensure the 50-day moving average is below the current price and the Awesome Oscillator is in positive territory.
Scenario #2: If the market does not react to its breakout, buy from the lower boundary at $2,504, targeting $2,529 and $2,576.
You have already liked this post today
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Litecoin, Friday, July 11, 2025. Litecoin managed to break through and close above its pivot level. Although there is potential for a correction, positive fundamental factors provide an opportunity
Bitcoin and Ethereum traded higher today during the European session, which indicates that yesterday's purchases were not a one-time event and that buyers are still active in the market. This
BTC/USD is rising again today after yesterday's dip, overall maintaining its bullish momentum. Fundamentally, conditions continue to support BTC/USD growth in the medium term. The global economic and market landscape
Bitcoin – Friday, July 4, 2025. With an inflow into the Bitcoin ETF around USD$ 50 billion, it shows strong interest from investors, thus strengthening the legitimacy of this cryptocurrency
Ripple – Friday, July 4, 2025 Friendly regulatory pressure and the case with the SEC that seems to be stopped and open interest in the derivatives market that has jumped
InstaTrade
PAMM accounts
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.