Bitcoin and Ethereum buyers have achieved new key resistance levels, indicating strong demand. Bitcoin has reached the $97,400 level, while Ethereum has approached the $1,870 mark.

Meanwhile, the buzz around stablecoins is gaining momentum. According to data from the U.S. Treasury Department, the stablecoin market is expected to reach $2 trillion by 2028. This forecast highlights stablecoins' growing popularity and utility as both a store of value and a convenient tool for international transactions. Pegged to fiat currencies like the U.S. dollar or other assets, stablecoins offer the price stability that volatile cryptocurrencies like Bitcoin and Ethereum often lack.

New stablecoin legislation in the U.S. could potentially lead to a 10-fold increase in stablecoin supply over the next four years. As a result, stablecoin issuers may be able to purchase up to $1.6 trillion worth of U.S. Treasury bonds to back their reserves.

In any case, the development of clear regulatory frameworks for digital assets is a positive step toward the crypto market's growth and maturity.

I will continue to use any major dips in Bitcoin and Ethereum as buying opportunities, expecting the medium-term bullish trend to remain intact.

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

Bitcoin

Buy Scenario

Scenario 1: I plan to buy Bitcoin today at the $97,400 entry point with a target of $98,500. At $98,500, I will exit the long trade and open a short position on a pullback.

Important: Before buying on a breakout, ensure that the 50-day moving average is below the current price and the Awesome Oscillator is above zero.

Scenario 2: If there is no bearish reaction to a breakout, buying from the lower boundary of $96,600 is possible. Target a rebound toward $97,400 and $98,500.

Sell Scenario

Scenario 1: I plan to sell Bitcoin today at the $96,600 entry point with a target of $95,500. At $95,500, I will exit the short and immediately buy on the rebound.

Important: Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome Oscillator is below zero.

Scenario 2: If there's no bullish breakout confirmation, selling from the upper boundary at $97,400 is possible, targeting a move down to $96,600 and $95,500.

Ethereum

Buy Scenario

Scenario 1: I plan to buy Ethereum today at the $1,852 entry point with a target of $1,879. At $1,879, I will exit the long position and open a short on the pullback.

Important: Before buying on a breakout, ensure the 50-day moving average is below the current price, and the Awesome Oscillator is in positive territory.

Scenario 2: If the breakout does not provoke a bearish reaction, buying is also possible from the lower boundary of $1,833, with targets at $1,852 and $1,879.

Sell Scenario

Scenario 1: I plan to sell Ethereum today at the $1,833 entry point with a target of $1,806. At $1,806, I will exit the short and immediately buy on a rebound.

Important: Before selling on a breakout, ensure the 50-day moving average is above the current price, and the Awesome Oscillator is in negative territory.

Scenario 2: Selling from the upper boundary of $1,852 is also an option if there's no bullish breakout confirmation, with targets at $1,833 and $1,806.