Bitcoin has plummeted today to around $65,000, while Ethereum reached a low of $1,936 before the dips were quickly bought back.

This sharp decline in the cryptocurrency market reflects the current global situation, particularly amid heightened geopolitical tensions in the Middle East.

Many market participants are now awaiting the release of the updated text of the Clarity bill regarding the cryptocurrency market structure. Attention is especially focused on the provisions related to yields and rewards in stablecoins, as these points have become sticking points in advancing the Clarity bill.

The controversy centers around defining the nature and regulation of income generated from stablecoins. Many market participants from the banking sector express concern about the potential yields from stablecoins, which could lead to a loss of funds from traditional banking. Politicians also insist on the need for a clear distinction between traditional financial instruments and new forms of digital assets.

It is clear that a compromise on these provisions within the Clarity Act will be a key factor for the further development and legalization of the crypto industry. This could open new opportunities for investment, capital attraction, and the creation of innovative financial products based on stablecoins, thereby strengthening the cryptocurrency market. However, without reaching a consensus on rewards, the bill risks remaining unimplemented, leaving uncertainty in this rapidly evolving sector.

Regarding the intraday strategy in the cryptocurrency market, I will continue to rely on any significant dips in Bitcoin and Ethereum, anticipating the continued development of a bullish market in the long term, which remains intact.

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

Bitcoin

Buying Scenario

Scenario #1: I plan to buy Bitcoin today upon reaching an entry point around $67,600, targeting a move to $68,900. At around $68,900, I will exit my purchases and sell immediately on the rebound. Before buying on the breakout, ensure that 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 at $67,000 if there is no market reaction to its breakout back towards $67,600 and $68,900.

Selling Scenario

Scenario #1: I plan to sell Bitcoin today upon reaching an entry point around $67,000, targeting a drop to $66,000. Near $66,000, I will exit my sales and buy immediately on the rebound. Before selling on the breakout, ensure that the 50-day moving average is above the current price and the Awesome indicator is below zero.

Scenario #2: I can sell Bitcoin at the upper boundary at $67,600 if there is no market reaction to its breakout back towards $67,000 and $66,000.

Ethereum

Buying Scenario

Scenario #1: I plan to buy Ethereum today upon reaching an entry point around $2,050, targeting a move to $2,088. At around $2,088, I intend to exit my purchases and sell immediately on the rebound. Before buying on the breakout, ensure that 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 at $2,026 if there is no market reaction to its breakout back towards $2,050 and $2,088.

Selling Scenario

Scenario #1: I plan to sell Ethereum today upon reaching an entry point around $2,026, targeting a drop to $1,972. Near $1,972, I will exit my sales and buy immediately on the rebound. Before selling on the breakout, ensure that the 50-day moving average is above the current price and the Awesome indicator is below zero.

Scenario #2: I can sell Ethereum at the upper boundary at $2,050 if there is no market reaction to its breakout back towards $2,026 and $1,972.