Bitcoin and Ethereum are demonstrating stable growth amid new forecasts regarding the number of interest rate cuts expected from the Federal Reserve this year. Another dovish stance from the Fed Chair and criticism from Trump over Powell's inaction triggered buying on the U.S. stock market, which also impacted the cryptocurrency market.

Investor enthusiasm is fueled by expectations of more accessible financial resources, which typically drive capital into riskier assets like cryptocurrencies. Bitcoin, as the flagship of the crypto market, traditionally reacts first to changes in macroeconomic conditions. However, one should not forget the inherent volatility of the crypto market. Even positive macro signals do not guarantee sustainable growth—especially as Bitcoin has been hovering near its historical highs, where buyer interest has been waning recently. It's essential to consider technical factors, market sentiment, and regulatory risks, all of which can significantly influence price dynamics.

Meanwhile, alongside Strategy, Japanese investment company Metaplanet purchases Bitcoin for its balance sheet. Data shows the company acquired an additional 1,234 BTC for approximately $132.7 million just one day after announcing a $515 million capital raise to fund its Bitcoin treasury strategy. The Tokyo-listed firm stated that this latest purchase at around $107,557 per Bitcoin raised its total holdings to 12,345 BTC. The company holds about $1.3 billion worth of Bitcoin based on current market prices. This makes Metaplanet the seventh-largest publicly listed corporate holder of Bitcoin, surpassing Tesla, which holds 11,509 BTC.

As for intraday strategy in the cryptocurrency market, I will continue to act based on any major pullbacks in Bitcoin and Ethereum, expecting the medium-term bullish market to persist.

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

Bitcoin

Buy Scenario

Scenario #1: I will buy Bitcoin today if it reaches the entry point around $108,000, aiming for a rise to $109,000. Near $109,000, I plan to exit the long position and sell on a pullback. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome Oscillator is above zero.

Scenario #2: If the market does not react to a breakout, Bitcoin can also be bought from the lower boundary at $107,400, with targets at $108,000 and $109,000.

Sell Scenario

Scenario #1: I will sell Bitcoin today if it reaches the entry point around $107,400, aiming for a drop to $106,200. Near $106,200, I plan to exit the short position and buy on a bounce. 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: Bitcoin can also be sold from the upper boundary at $108,000 if there is no market reaction to a breakout, targeting the $107,400 and $106,200 levels.

Ethereum

Buy Scenario

Scenario #1: I will buy Ethereum today if it reaches the entry point around $2,491, aiming for a rise to $2,544. Near $2,544, I plan to exit the long position and sell on a bounce. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome Oscillator is above zero.

Scenario #2: Ethereum can also be bought from the lower boundary at $2,457 if there is no market reaction to a breakout, with targets at $2,491 and $2,544.

Sell Scenario

Scenario #1: I will sell Ethereum today if it reaches the entry point around $2,457, aiming for a drop to $2,401. Near $2,401, I plan to exit the short position and buy on a bounce. 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: Ethereum can also be sold from the upper boundary at $2,491 if there is no market reaction to a breakout, targeting the $2,457 and $2,401 levels.