empty
30.05.2025 09:29 AM
Trading Recommendations for the Cryptocurrency Market on May 30

Bitcoin and Ethereum continued their corrections, falling significantly throughout yesterday. The decline extended into today's Asian session, with Bitcoin updating its price to $104,500 and Ethereum testing $2,560.

This image is no longer relevant

Thus, it is no surprise that on Thursday, there was a net outflow of $358.6 million from exchange-traded funds (ETFs), ending a 10-day streak of positive flows that had brought in a total of $4.26 billion. This reversal underscores how fragile market optimism can be, highlighting investors' heightened sensitivity to even minor changes in economic indicators and geopolitical events. However, it's important to note that a single day of outflows is not a cause for panic. The ETF market constantly experiences inflows and outflows, and short-term outflows are perfectly normal. Monitoring long-term trends and analyzing the underlying causes of capital movements is much more important.

Possible reasons for the outflow include profit-taking by investors who benefited from the recent market rally and reallocating assets to other classes or sectors that seem more promising under current conditions. Additionally, concerns about upcoming Federal Reserve decisions on interest rates and their potential impact on economic growth could also be a factor.

According to SoSoValue, BlackRock's IBIT was the only spot Bitcoin ETF to report a net inflow of funds, bringing in $125 million. Fidelity's FBTC led the outflows with $166.32 million, followed by Grayscale's GBTC, which saw $107.53 million withdrawn. Net outflows from Ark and 21Shares' ARKB totaled $89.22 million, while Bitwise's BITB saw $70.85 million leave. ETFs from VanEck, Valkyrie, Invesco, and Franklin Templeton also experienced outflows.

Meanwhile, on Thursday, spot Ethereum ETFs listed on U.S. exchanges recorded a net inflow of $91.93 million, marking nine consecutive days of positive flows.

For the intraday strategy, I will continue to focus on large pullbacks in Bitcoin and Ethereum, expecting the ongoing bull market to continue in the medium term.

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

This image is no longer relevant

Bitcoin

Buy Scenario

Scenario #1: I plan to buy Bitcoin today at the entry point around $106,300, aiming for a rise to $107,600. Around $107,600, I plan to exit the buys and immediately sell on a pullback. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome Oscillator is in the positive zone.

Scenario #2: Bitcoin can also be bought from the lower boundary at $105,300 if there is no market reaction to its breakout, aiming for $106,300 and $107,600.

Sell Scenario

Scenario #1: I plan to sell Bitcoin today at the entry point around $105,400, aiming for a drop to $104,000. Around $104,000, I plan to exit the sales and immediately buy on a pullback. Before selling on a breakout, ensure that the 50-day moving average is above the current price and the Awesome Oscillator is in the negative zone.

Scenario #2: Bitcoin can also be sold from the upper boundary at $106,300 if there is no market reaction to its breakout, aiming for $105,400 and $104,000.

This image is no longer relevant

Ethereum

Buy Scenario

Scenario #1: I plan to buy Ethereum today at the entry point around $2,648, targeting a rise to $2,704. Around $2,704, I plan to exit the buys and immediately sell on a pullback. Before buying on a breakout, ensure that the 50-day moving average is below the current price and 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 at $2,595, aiming for $2,648 and $2,704.

Sell Scenario

Scenario #1: I plan to sell Ethereum today at the entry point around $2,595, targeting a drop to $2,537. Around $2,537, I plan to exit the sales and immediately buy on a pullback. Before selling on a breakout, ensure that the 50-day moving average is above the current price and the Awesome Oscillator is in the negative zone.

Scenario #2: Ethereum can also be sold from the upper boundary at $2,648 if there is no market reaction to its breakout, aiming for $2,595 and $2,537.

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2025
Bitcoin
Summary
Sell
Urgency
1 day
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

Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday June 20, 2025.

The Ripple cryptocurrency on its 4-hour chart appears to be moving in a ranging - sideways condition where it is currently stuck at the Support Bullish Rejection Block area level

Arief Makmur 07:45 2025-06-20 UTC+2

Technical Analysis of Intraday Price Movement of Doge Cryptocurrency, Friday June 20, 2025.

From what is seen on the 4-hour chart, the Doge cryptocurrency appears to be moving under a Bearish bias, where this can be seen from its price movement which

Arief Makmur 07:45 2025-06-20 UTC+2

BTC/USD Analysis on June 19, 2025

The wave pattern on the 4-hour BTC/USD chart has become more complex in recent months. A corrective downward structure formed and completed near the $75,000 level. After that, a fairly

Chin Zhao 11:07 2025-06-19 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 19

Yesterday, Bitcoin and Ethereum remained under pressure, failing to receive support from major players despite attempts to break through key resistance levels. After dipping to around $130,400, Bitcoin is currently

Miroslaw Bawulski 08:36 2025-06-19 UTC+2

Wave analysis of BTC/USD on June 18. Bitcoin to clear up its overall impulse

The wave pattern on the 4-hour chart of BTC/USD has become more complicated in recent months. We observed a corrective downward structure that completed near the $75,000 mark. After that

Chin Zhao 15:34 2025-06-18 UTC+2

Middle East Tensions and U.S. Involvement Trigger Crypto Market Sell-Off

Bitcoin came under significant pressure yesterday following the escalation of tensions in the Middle East. The likelihood of U.S. involvement in a military conflict has increased significantly, which puts pressure

Jakub Novak 11:41 2025-06-18 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 18

Bitcoin and Ethereum plunged following the latest escalation in the Middle East and the increasing likelihood that the United States will be drawn into the conflict. Bitcoin dropped from $107,600

Miroslaw Bawulski 09:46 2025-06-18 UTC+2

JPMorgan Chase & Co. plans to launch its own stablecoin

JPMorgan Chase & Co., the largest US bank by assets and market capitalization, has filed a trademark application for what appears to be a new blockchain-based asset called JPMD, sparking

Jakub Novak 11:25 2025-06-17 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 17

Bitcoin dropped from $108,700 to $106,000, while Ethereum fell from a high of $2,676 to $2,525 before slightly recovering. While crypto traders anticipate a sustained bullish trend and a potential

Miroslaw Bawulski 09:04 2025-06-17 UTC+2

What are odds of BTC trading at $150K by August?

For several days, Bitcoin hovered above the $105,000 level, seemingly waiting. But today, it broke through. We've witnessed a classic consolidation phase ahead of a possible price surge

Ekaterina Kiseleva 17:22 2025-06-16 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.