The cryptocurrency market remains volatile. The sharp rise of Bitcoin towards $90,000 was quickly reversed, with the trading instrument dropping back to around $85,500, where it feels more comfortable. Ethereum is also trading below $3,000, preparing for a potential move towards $2,700.

While the bearish trend in the cryptocurrency market persists, attention was drawn to a statement made yesterday by Federal Reserve representative Christopher Waller. During his speech, he mentioned that, in his opinion, stablecoins will strengthen demand for the U.S. dollar in the near future.

Traders and market participants had mixed reactions to this statement. On the one hand, the recognition of stablecoins as a tool capable of supporting the dollar suggests some legitimacy for the cryptocurrency sector in the eyes of regulators. On the other hand, it may signal plans to increase control over the digital asset market, especially regarding those coins pegged to fiat currencies, contrary to rules already established in the GENIUS stablecoin legislation.

However, it's important to remember that the statements of individual Federal Reserve representatives do not always reflect the central bank's overall policy. The real impact of stablecoins on the U.S. dollar will depend on many factors, including trading volumes, regulatory frameworks, and competition from other currencies.

Regarding intraday strategies in the cryptocurrency market, I will continue to rely on any significant pullbacks in Bitcoin and Ethereum, anticipating the continuation of a bullish market in the medium term, which has not disappeared.

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

Bitcoin

Buy Scenario

• Scenario No. 1: Buy Bitcoin today when it reaches the entry point around $87,000, targeting a rise to $88,200. Around $88,200, I will exit the purchases and sell immediately on a rebound. 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 No. 2: Buying Bitcoin can occur from the lower boundary of $86,400 if there is no market reaction to its breakout back towards $87,000 and $88,200.

Sell Scenario

• Scenario No. 1: I will sell Bitcoin today when it reaches the entry point around $86,400, targeting a fall to $85,400. Around $85,400, I will exit the sales and buy immediately on a rebound. Before selling on a breakout, ensure that the 50-day moving average is above the current price and the Awesome Oscillator is below zero.
• Scenario No. 2: Selling Bitcoin can occur from the upper boundary of $87,000 if there is no market reaction to its breakout back towards $86,400 and $85,400.

Ethereum

Buy Scenario

• Scenario No. 1: Buy Ethereum today when it reaches the entry point around $2,846, targeting a rise to $2,898. Around $2,898, I will exit the purchases and sell immediately on a rebound. 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 No. 2: Buying Ethereum can occur from the lower boundary of $2,812 if there is no market reaction to its breakout back towards $2,846 and $2,898.

Sell Scenario

• Scenario No. 1: I will sell Ethereum today when it reaches the entry point around $2,812, targeting a fall to $2,757. Around $2,757, I will exit the sales and buy immediately on a rebound. Before selling on a breakout, ensure that the 50-day moving average is above the current price and the Awesome Oscillator is below zero.
• Scenario No. 2: Selling Ethereum can occur from the upper boundary of $2,812 if there is no market reaction to its breakout back towards $2,846 and $2,898.