Bitcoin has returned to the $69,000 level, even though Trump may begin massive strikes on Iranian territory tomorrow. The fact has not deterred buyers of Ethereum either.

This situation stems from media reports that the US and Iran are engaged in active discussions about a 45-day pause that would ultimately allow for ending the war. Indeed, the cryptocurrency market, particularly Bitcoin and Ethereum, has recently shown increased sensitivity to geopolitical changes. Any hints at a reduction in tensions, especially between major players like the US and Iran, can provoke a short-term surge in activity. Traders seeking safer assets or anticipating a potential de-escalation of the conflict may redirect their investments into speculative instruments.

However, such rumors often turn out to be nothing more than a smokescreen. History is rife with examples of world powers engaging in diplomatic games with no real breakthroughs in conflict resolution. In such situations, speculative growth driven only by expectations becomes unstable. As soon as it becomes clear that a compromise is far off or that negotiations have stalled, the market quickly corrects itself, returning to its fundamental indicators.

For sustained growth in Bitcoin and Ethereum, more substantial arguments are needed. This could come in the form of truly positive fundamental news. Geopolitical lulls, if not backed by real actions, serve only as temporary stimuli. Therefore, traders should remain vigilant and not succumb to the euphoria driven by rumors.

As for my intraday strategy in the cryptocurrency market, I will continue to base my actions on significant pullbacks in Bitcoin and Ethereum, anticipating the ongoing development of the bullish market in the long term, which has not gone anywhere.

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

Bitcoin

Buy Scenario

Scenario #1: I plan to buy Bitcoin today upon reaching an entry point around $69,400, targeting growth to the level of $70,100. At $70,100, I will exit my buys and sell immediately on a bounce. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome indicator is above zero.

Scenario #2: I can buy Bitcoin at the lower boundary of $68,900 if there is no market reaction to a breakout back to the $69,400 and $70,100 levels.

Sell Scenario

Scenario #1: I plan to sell Bitcoin today upon reaching an entry point around $68,600, targeting a decline to $67,500. At $67,500, I will exit my sales and immediately buy on a bounce. Before selling on a breakout, ensure that the 50-day moving average is above the current price and that the Awesome indicator is in the zone below zero.

Scenario #2: I can sell Bitcoin from the upper boundary of $69,400 if there is no market reaction to a breakout back towards the levels of $68,600 and $67,500.

Ethereum

Buy Scenario

Scenario #1: I plan to buy Ethereum today upon reaching an entry point around $2,140, targeting a move to $2,160. At $2,160, I will exit my buys and sell immediately on a bounce. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome indicator is above zero.

Scenario #2: I can buy Ethereum at the lower boundary of $2,117 if there is no market reaction to a breakout back to the $2,140 and $2,160 levels.

Sell Scenario

Scenario #1: I plan to sell Ethereum today upon reaching an entry point around $2,117, targeting a decline to $2,096. At $2,096, I will exit my sales and immediately buy on a bounce. Before selling on a breakout, ensure that the 50-day moving average is above the current price and that the Awesome indicator is in the zone below zero.

Scenario #2: I can sell Ethereum from the upper boundary of $2,140 if there is no market reaction to a breakout back towards the levels of $2,117 and $2,096.