empty
02.06.2025 09:45 AM
Trading Recommendations for the Cryptocurrency Market on June 2

Despite the corrections at the end of last week, Bitcoin and Ethereum are once again showing upward momentum, although Ethereum is lagging behind.

This image is no longer relevant

Experts from the banking group also point to a supply shock in BTC amid growing regulatory clarity and mass Bitcoin purchases by corporations, companies managing ETFs, and institutional investors. This signals a high probability of a significant Bitcoin rally in the coming months.

A combination of factors — including increased institutional support, a clearer regulatory environment, and, consequently, a reduction in the available supply of BTC on the market — creates favorable conditions for further cryptocurrency price growth. Bitcoin ETFs have opened the door for large investment funds that previously avoided direct participation in the crypto market, and regulatory clarity reduces the risks for institutional investors.

However, despite optimistic forecasts, it is important to remember the volatility of the crypto market. Sharp BTC price swings are very likely, so it is crucial to diversify your investment portfolio and not invest money in BTC that you cannot afford to lose. Additionally, geopolitical risks and potential changes in regulatory policies in different countries should be considered.

As for the intraday strategy in the cryptocurrency market, I will continue to act based on any major pullbacks in Bitcoin and Ethereum, counting on continuing the medium-term bull market, which remains intact.

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

This image is no longer relevant

Bitcoin

Buy Scenario

Scenario #1: Today, I plan to buy Bitcoin upon reaching the entry point around $105,300, aiming for a rise to $105,600. Around $105,600, I plan to exit the buys and sell immediately on the pullback. Before buying on a breakout, ensure that the 50-day moving average is below the current price and that the Awesome Oscillator is in the positive zone.

Scenario #2: If the market does not react to Bitcoin's breakout, it can also be bought from the lower boundary of $104,400, aiming for a return to $105,300 and $106,600.

Sell Scenario

Scenario #1: Today, I plan to sell Bitcoin upon reaching the entry point of around $104,400, aiming for a drop to $103,300. Around $103,300, I plan to exit the sales and buy immediately on the pullback. Before selling on a breakout, ensure that the 50-day moving average is above the current price and that the Awesome Oscillator is in the negative zone.

Scenario #2: Bitcoin can also be sold from the upper boundary of $105,300 if there is no market reaction to its breakout, aiming for a return to $104,400 and $103,300.

This image is no longer relevant

Ethereum

Buy Scenario

Scenario #1: Today, I plan to buy Ethereum upon reaching the entry point around $2,506, aiming for a rise to $2,551. Around $2,551, I plan to exit the buys and sell immediately on the pullback. Before buying on a breakout, ensure that the 50-day moving average is below the current price and that the Awesome Oscillator is in the positive zone.

Scenario #2: If the market does not react to Ethereum's breakout, it can also be bought from the lower boundary of $2,476, aiming for a return to $2,506 and $2,551.

Sell Scenario

Scenario #1: Today, I plan to sell Ethereum upon reaching the entry point around $2,476, aiming for a drop to $2,442. Around $2,442, I plan to exit the sales and buy immediately on the pullback. Before selling on a breakout, ensure that the 50-day moving average is above the current price and that the Awesome Oscillator is in the negative zone.

Scenario #2: Ethereum can also be sold from the upper boundary of $2,506 if there is no market reaction to its breakout, aiming for a return to $2,476 and $2,442.

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
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

Crypto market: buyers setting tone amid trade deals in anticipation of Fed's status quo

The crypto market's Fear & Greed index currently stands at 73 out of 100, indicating a Greed zone and strong buying interest from market participants. Meanwhile, Ethereum (ETH)

Jurij Tolin 14:58 2025-07-29 UTC+2

Demand for Bitcoin and Ethereum remains strong

As we observe corrections in the cryptocurrency market, there are always those who take advantage of the moment and actively buy up discounted assets. According to analytical think tanks, many

Jakub Novak 09:28 2025-07-29 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 29

Bitcoin corrected by the end of yesterday, testing the $117,500 level, but is already trading above $119,000 today, indicating sustained high demand even during minor pullbacks. Ethereum has also recovered

Miroslaw Bawulski 08:42 2025-07-29 UTC+2

Trading tips for crypto market on July 28 (North American session)

Bitcoin has once again failed in its attempt to test and consolidate above the $120,000 mark, currently dipping back below $119,000. Ethereum has also slightly retreated after attempting to break

Miroslaw Bawulski 14:04 2025-07-28 UTC+2

Bitcoin quickly regained ground

Last Friday, I noted that Bitcoin had touched the $115,000 level, and during today's Asian trading session, we already saw a test of the resistance near $119,800. This highlights

Jakub Novak 09:58 2025-07-28 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 28

Bitcoin has recovered all of last week's losses and is now just one step away from the $120,000 mark. Ethereum has also seen significant growth, surpassing the $3,900 mark. There

Miroslaw Bawulski 08:29 2025-07-28 UTC+2

The Death Cross EMA condition on Solana confirms that sellers remain dominant despite the potential for temporary strength, Friday, July 25, 2025.

Solana – Friday, July 25, 2025 With the EMA in a Death Cross condition and the RSI (14) in a Neutral Bearish condition, Solana cryptocurrency indicates that sellers are still

Arief Makmur 12:03 2025-07-25 UTC+2

The appearance of divergence in the RSI on Litecoin indicates the potential for limited upside up to its pivot level on Friday, July 25, 2025.

Litecoin – Friday, July 25, 2025 The appearance of divergence between the RSI(14) indicator and Litecoin's price movement indicates the potential for limited upside. The RSI(14) remains in a neutral

Arief Makmur 12:03 2025-07-25 UTC+2

Bitcoin plunges to $115,000

Sooner or later, this had to happen. After Bitcoin had made brave attempts to break above $120,000, the price dropped to nearly $115,000. In fact, this is nothing surprising

Jakub Novak 09:41 2025-07-25 UTC+2

Tether confidently advances toward entry into the US market

Bitcoin continues to trade within the 116,500–120,000 channel, showing solid volatility. Ethereum, however, is performing significantly worse following a recent decline in spot ETF inflows. Meanwhile, yesterday Tether CEO Paolo

Jakub Novak 10:07 2025-07-24 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.