Bitcoin and Ether surged strongly during Asian trading, although yesterday ended on a somewhat downbeat note. However, despite the rapid strengthening of these assets, Bitcoin once again failed to maintain its position above the $106,000 level, complicating any further growth. Apparently, a deeper downward correction is unavoidable here.

Nonetheless, large institutional players and companies remain confident in the market. It has become known that Strategy, the largest Bitcoin holder, once again acquired 705 BTC at an average price of $106,495. The total purchase amount was $75.1 million. In total, the company has invested about $40.68 billion in BTC at an average price of $70,023.

This move by Strategy undoubtedly reinforced market confidence. In conditions of high volatility, such large-scale investments demonstrate a long-term strategy and belief in the potential of digital assets. Strategy's actions could serve as a catalyst for attracting new investors who previously refrained from investing due to uncertainty.

It is clear that the influence of major players on the cryptocurrency market cannot be overstated. Their decisions not only set trends but also affect the overall perception of digital assets. While small investors tend to panic at the slightest fluctuations, institutional players, with significant resources and deeper market understanding, can stabilize the situation and prevent sharp crashes.

As for the intraday strategy in the cryptocurrency market, I will continue to act based on any significant dips in Bitcoin and Ether, anticipating the continuation of the mid-term bullish market, which is still intact.

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

Bitcoin

Buy Scenario

Scenario #1: I plan to buy Bitcoin today at the entry point of around $105,600, with the aim of rising to $106,400. Around $106,400, I plan to exit the buys and sell immediately on a pullback.

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

Scenario #2: Bitcoin can also be bought from the lower boundary of $105,100 if there is no market reaction to its breakout back toward $105,600 and $106,400.

Sell Scenario

Scenario #1: I plan to sell Bitcoin today at an entry point of $105,100, aiming for a target of $104,100. Around $104,100, I plan to exit the sales and buy immediately on a pullback.

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

Scenario #2: Bitcoin can also be sold from the upper boundary of $105,600 if there is no market reaction to its breakout toward $105,100 and $104,100.

Ethereum

Buy Scenario

Scenario #1: I plan to buy Ether today at an entry point of around $2,624, aiming for a target rise to $2,665. Around $2,665, I plan to exit the buys and sell immediately on a pullback.

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

Scenario #2: Ether can also be bought from the lower boundary of $2,598 if there is no market reaction to its breakout toward $2,624 and $2,665.

Sell Scenario

Scenario #1: I plan to sell Ether today at the entry point of around $2,598, targeting a fall to $2,555. Around $2,555, I plan to exit the sales and buy immediately on a pullback.

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

Scenario #2: Ether can also be sold from the upper boundary of $2,624 if there is no market reaction to its breakout back toward $2,598 and $2,555.