empty
30.01.2025 08:43 AM
Trading Recommendations for the Cryptocurrency Market on January 30

Bitcoin and Ethereum rose following yesterday's Federal Reserve meeting, where interest rates were kept unchanged.

The lack of new announcements from the Fed bolstered demand in the cryptocurrency market, as officials did not express significant concerns about the future of the U.S. economy. While it is expected that rate cuts may not begin until summer, there are no indications of delays beyond that timeframe. Once inflation begins to decline again, the Fed is anticipated to resume its monetary policy easing cycle. This has helped the crypto market regain confidence and sustain demand for riskier assets.

This image is no longer relevant

The cryptocurrency market is currently benefitting from the stability of the Fed's monetary policy. Investors view the current environment positively, as the lack of new restrictive measures provides opportunities for growth and flexibility. The decline in inflation allows the Fed to adopt a more adaptable approach, which is crucial for encouraging investments in high-risk assets. Additionally, there is growing excitement around potential new projects and technologies that could further stimulate interest in cryptocurrencies. Innovations and advancements in blockchain technology continue to attract attention, providing additional incentives for investors. This interest is reflected in the sustained popularity of digital currencies such as Bitcoin and Ethereum, which remain top choices for many investors looking to diversify their portfolios.

As for the intraday strategy in the cryptocurrency market, I will continue to take action, particularly during any significant pullbacks in Bitcoin and Ethereum. I remain optimistic about the continuation of the medium-term bull market, which has remained intact.

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

This image is no longer relevant

Bitcoin

Buy Scenario

  • Scenario #1: I will buy Bitcoin today upon reaching the entry point around $105,700, targeting $107,000. At $107,000, I will exit the buy position and sell immediately on a pullback. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome Oscillator is in the positive zone.
  • Scenario #2: Bitcoin can also be bought from the lower boundary of $104,500 if there is no market reaction to its breakout in the opposite direction towards $105,700 and $107,000.

Sell Scenario

  • Scenario #1: I will sell Bitcoin today upon reaching the entry point around $104,500, targeting $102,800. At $102,800, I will exit the sell position and buy immediately on a pullback. Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome Oscillator is in the negative zone.
  • Scenario #2: Bitcoin can also be sold from the upper boundary of $105,700 if there is no market reaction to its breakout in the opposite direction towards $104,500 and $102,800.

This image is no longer relevant

Ethereum

Buy Scenario

  • Scenario #1: I will buy Ethereum today upon reaching the entry point around $3,229, targeting $3,300. At $3,300, I will exit the buy position and sell immediately on a pullback. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome Oscillator is in the positive zone.
  • Scenario #2: Ethereum can also be bought from the lower boundary of $3,177 if there is no market reaction to its breakout in the opposite direction towards $3,229 and $3,300.

Sell Scenario

  • Scenario #1: I will sell Ethereum today upon reaching the entry point around $3,177, targeting $3,078. At $3,078, I will exit the sell position and buy immediately on a pullback. Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome Oscillator is in the negative zone.
  • Scenario #2: Ethereum can also be sold from the upper boundary of $3,229 if there is no market reaction to its breakout in the opposite direction towards $3,177 and $3,078.
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

Ethereum (ETH) Trading Recommendations for February 26th

Bitcoin has initiated a significant decline, which may only be the beginning of a larger bearish trend. As we have previously noted, the entire cryptocurrency market follows Bitcoin to some

Paolo Greco 05:53 2025-02-26 UTC+2

Bitcoin Trading Recommendations for February 26th

What we have been anticipating for weeks has now materialized. While many factors could have triggered Bitcoin's latest crash, analyzing them in detail won't make the situation any easier

Paolo Greco 05:49 2025-02-26 UTC+2

Bitcoin Losing Ground: Can the Market Be Saved by a Buy the Dip Strategy?

As the price falls, interest grows—this best describes the latest developments in the Bitcoin market. Despite the asset dropping to a three-month low, major players, including hedge funds and governments

Ekaterina Kiseleva 00:10 2025-02-26 UTC+2

Bitcoin and Ethereum: key factors behind their recent plunge

Bitcoin plunged by 6.5% and Ethereum lost over 7.0% in just the first half of today alone. As for Bitcoin, there had long been speculation about a break

Jakub Novak 14:09 2025-02-25 UTC+2

Cryptocurrency Market Trading Recommendations for February 25th (U.S. Session)

Bitcoin and Ethereum have experienced significant declines, with Bitcoin hitting a new yearly low and Ethereum testing the $2,300 mark after trading around $2,800 just days ago. The world's largest

Miroslaw Bawulski 13:56 2025-02-25 UTC+2

Upcoming Ethereum Network Upgrade Already in Testing

The cryptocurrency market has experienced a significant decline, closely following the U.S. stock market, which has lost considerable ground in recent trading days. Bitcoin dropped

Jakub Novak 09:17 2025-02-25 UTC+2

Trading Recommendations for the Cryptocurrency Market on February 25

Bitcoin has fallen from the $91,000 mark, raising concerns about its potential for further growth. Meanwhile, Ethereum has dropped over 7% in just one day, returning to a downtrend after

Miroslaw Bawulski 07:27 2025-02-25 UTC+2

Ethereum (ETH) Trading Recommendations for February 25, 2025

Bitcoin continues to trade within a restricted range, and as a result, Ethereum remains in a flat market as well. Over the past few weeks, Ethereum has shown a slightly

Paolo Greco 06:11 2025-02-25 UTC+2

Trading Recommendations for the Cryptocurrency Market on February 24

Bitcoin faced ongoing pressure throughout the weekend, struggling to break above the $96,000 mark. This could potentially trigger a larger sell-off in the near future. It is important to note

Miroslaw Bawulski 08:18 2025-02-24 UTC+2

Bitcoin and Ethereum Face Clear Challenges

The cryptocurrency market continues to test the patience of investors and traders. Bitcoin has struggled for weeks to break above $100,000, while Ethereum faces strong sell-offs at every attempt

Jakub Novak 08:12 2025-02-24 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.