Bitcoin and Ethereum have continued their active growth, benefiting from positive news in the Middle East. Bitcoin has reached $78,400, and Ethereum has approached the $2,400 mark.

Unexpected news about Donald Trump's decision to extend the truce with Iran, even in the absence of a second round of peace negotiations, had a significant impact on global financial markets, particularly on the cryptocurrency market.

This development has been quite positive for traders favoring digital assets. Easing geopolitical tensions in one of the world's key regions historically fosters increased risk appetite, and cryptocurrencies, despite their volatility, have come into focus. Confidence in maintaining temporary stability has encouraged traders and major asset holders to expand their positions, anticipating further growth. Inflows into Bitcoin and Ethereum spot ETFs have also maintained a positive trend.

However, it is important to understand that the mere extension of the truce, while interpreted as a signal of diminished potential threats that could negatively affect the global economy, still means that a peace agreement is far off. It is difficult to predict how long-lasting this trend will be, but the current situation clearly demonstrates how external geopolitical factors can have a direct and significant impact on the dynamics of the cryptocurrency market. Nevertheless, any changes in US rhetoric could renew pressure on digital assets, so traders should be prepared for that.

Regarding intraday strategy in the cryptocurrency market, I will also rely on any significant pullbacks in Bitcoin and Ethereum, anticipating the continuation of the bullish market in the long term, which has not dissipated.

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

Bitcoin

Buy Scenarios

• Scenario No. 1: I plan to buy Bitcoin today when it reaches the entry point around $78,300, targeting a move to $79,400. At around $79,400, I will exit the purchases and sell immediately on the bounce. 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 No. 2: Bitcoin can also be bought at the lower boundary of $77,800 if there is no market reaction to its breakout back to $78,300 and $79,400.

Sell Scenarios

• Scenario No. 1: I plan to sell Bitcoin today when it reaches the entry point around $77,800, targeting a decline to $76,800. At around $76,800, I will exit the sales and buy immediately on the bounce. 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 No. 2: Bitcoin can be sold at the upper boundary of $78,300 if there is no market reaction to its breakout back to $77,800 and $76,800.

Ethereum

Buy Scenarios

• Scenario No. 1: I plan to buy Ethereum today when it reaches the entry point around $2,409, targeting a move to $2,449. At around $2,449, I will exit the purchases and sell immediately on the bounce. 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 No. 2: Ethereum can also be bought at the lower boundary of $2,385 if there is no market reaction to its breakout back to $2,409 and $2,449.

Sell Scenarios

• Scenario No. 1: I plan to sell Ethereum today when it reaches the entry point around $2,385, targeting a decline to $2,351. At around $2,351, I will exit the sales and buy immediately on the bounce. 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 No. 2: Ethereum can be sold at the upper boundary of $2,409 if there is no market reaction to its breakout back to $2,385 and $2,351.