empty
10.04.2025 08:05 AM
Trading Recommendations for the Cryptocurrency Market on April 10

Bitcoin and Ethereum both surged, gaining between 6% and 10% on news that Trump had suddenly changed his mind.

A strong wave of FOMO is evident in BTC following news of a 90-day pause on U.S. reciprocal tariffs. However, this is no time for euphoria or panic buying. It's important to understand that the trade war issue remains unresolved. Moreover, historical analysis shows that such "pauses" often provide only temporary relief, usually followed by renewed tensions and subsequent sell-offs of risk assets. Investors are advised to remain cautious and not be swayed by short-term market swings.

This image is no longer relevant

Instead of impulsive purchases driven by fear of missing out, it's better to stick to a well-crafted trading strategy. Asset diversification, prudent capital allocation, and stop-loss levels help reduce risks and protect long-term investments. One must remember that the crypto market is highly volatile, and caution remains the trader's best ally.

On the crypto market, I will continue to operate based on major pullbacks in Bitcoin and Ethereum, expecting a bullish trend to resume in the medium term, which is still intact.

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

This image is no longer relevant

Bitcoin

Buy Scenario

Scenario #1:

Buy Bitcoin today at the entry point near $82,350, with a target of $84,400. I plan to exit long positions around $84,400 and open short positions on the pullback.

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

Scenario #2:

Buy Bitcoin from the lower boundary of $81,200 if there's no reaction to a downward breakout, targeting a rebound toward $82,350 and $84,400.

Sell Scenario

Scenario #1:

Sell Bitcoin today at the entry point near $81,200, targeting a drop to $79,600. Exit shorts and consider buying at the bounce from $79,600.

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

Scenario #2:

Sell Bitcoin from the upper boundary of $82,400 if there's no breakout reaction, targeting a move back to $81,200 and $79,600.

This image is no longer relevant

Ethereum

Buy Scenario

Scenario #1:

Buy Ethereum today at the entry point near $1,639, aiming for a rise to $1,695. Exit long positions at $1,695 and switch to shorts on the pullback. Important: Confirm that the 50-day moving average is below the current price, and the Awesome Oscillator is in positive territory.

Scenario #2:

Buy Ethereum from the lower boundary of $1,597 if there's no breakout response, targeting a rebound to $1,639 and $1,695.

Sell Scenario

Scenario #1:

Sell Ethereum today at the entry point near $1,597, targeting a fall to $1,540. Exit shorts at $1,540 and open long positions on the bounce.

Important: Ensure the 50-day moving average is above the current price, and the Awesome Oscillator is in negative territory.

Scenario #2:

Sell Ethereum from the upper boundary of $1,639 if there's no breakout reaction, targeting a return to $1,597 and $1,540.

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2025
Bitcoin
Summary
Strong buy
Urgency
1 day
Analytic
Maxim Magdalinin
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading Recommendations for the Cryptocurrency Market on May 30

Bitcoin and Ethereum continued their corrections, falling significantly throughout yesterday. The decline extended into today's Asian session, with Bitcoin updating its price to $104,500 and Ethereum testing $2,560. Thus

Miroslaw Bawulski 09:29 2025-05-30 UTC+2

Trading tips on crypto market for May 29 (North American session)

Bitcoin has shown a fairly solid rebound, climbing back above the $108,000 mark and breaking through $109,000. The chart below highlights a morning breakout through the $108,100 level. Statistics confirm

Miroslaw Bawulski 15:46 2025-05-29 UTC+2

Bitcoin recovers to $109,000

Bitcoin quickly rebounded to the $109,000 mark today. This rapid surge, especially following yesterday's dip to around $106,600, once again highlights the strong interest from large players who take advantage

Jakub Novak 15:04 2025-05-29 UTC+2

Bitcoin demand shows no signs of fading

Bitcoin demand has shown resilience once again. After a brief dip below the $107,000 mark, the decline was swiftly bought up, demonstrating that buyers remain active and confident

Jakub Novak 13:38 2025-05-29 UTC+2

Trading Recommendations for the Cryptocurrency Market on May 29

Bitcoin is starting a correction, and Ethereum is showing signs of strength. Yesterday, Bitcoin dipped to around $107,000 before rebounding sharply — a sign that many traders are cautious about

Miroslaw Bawulski 08:56 2025-05-29 UTC+2

Bitcoin Emerges from Wall Street's Shadow: Why the Coming Months Could Be Pivotal for the Crypto Market

The announcement that Cantor Fitzgerald, one of the largest U.S. primary dealers, is launching Bitcoin-backed lending has reshaped the crypto market. Managing $2 billion in capital for this venture

Ekaterina Kiseleva 00:31 2025-05-29 UTC+2

Trading Recommendations for the Cryptocurrency Market on May 28

Bitcoin failed to hold above the $110,000 level, while Ethereum again showed decent growth, fueled by news of a possible significant increase in the gas limit per block

Miroslaw Bawulski 10:04 2025-05-28 UTC+2

Bitcoin Remains Within a Range Conducive to Growth

Yesterday, Bitcoin and Ethereum continued to attract demand from traders and investors, maintaining strong prospects for the continuation of the bullish market. Meanwhile, the International Monetary Fund (IMF) stated that

Jakub Novak 09:36 2025-05-28 UTC+2

Technical Analysis of Intraday Price Movement of Bitcoin Cryptocurrency Pairs, Wednesday May 21, 2025.

On the 4-hour chart of the Bitcoin cryptocurrency, there appears to be a Divergence between the Bitcoin price movement and the Stochastic Oscillator indicator, which indicates that in the near

Arief Makmur 08:39 2025-05-28 UTC+2

Bitcoin: A Bet on $300,000 or a Painful Correction? What's Next for the Market

Bitcoin reached $110,000 but failed to sustain the rally throughout the day, continuing its consolidation. Yet this lull is by no means a sign of exhaustion. Behind the scenes, activity

Ekaterina Kiseleva 00:44 2025-05-28 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

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?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

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 InstaForex anyway.

We are sorry for any inconvenience caused by this message.