empty
10.06.2025 09:30 AM
Trading Recommendations for the Cryptocurrency Market on June 10

Bitcoin has finally broken through the $107,000 level, and during today's Asian trading session, it surged rapidly to around $110,000, stopping just a step away from updating its all-time high. However, it remains to be seen whether that step will be taken and how challenging it will be. Ethereum strengthened nicely over the weekend, and today's Asian session delivered plenty of surprises.

This image is no longer relevant

Meanwhile, data shows that BlackRock's spot BTC ETF #IBIT has attracted $70 billion in less than a year—setting a record for the fastest inflow among all ETFs in history. This impressive capital influx indicates growing investor confidence in cryptocurrencies and their recognition as a legitimate asset class. Previously conservative institutional players, who traditionally avoided risky investments, are now actively entering the crypto space, fundamentally reshaping the financial market landscape. The success of IBIT not only highlights Bitcoin's appeal but also underscores BlackRock's effective strategy in creating a user-friendly, regulated vehicle for crypto investment. In essence, IBIT has become a gateway for traditional investors seeking exposure to Bitcoin without the need to own or store cryptocurrency directly.

The impact of this development on the crypto market is hard to overstate. The massive inflow of institutional capital supports Bitcoin's price growth and enhances its liquidity and stability. Furthermore, IBIT's success is encouraging other financial institutions to develop and launch their crypto products, leading to further market expansion and increased competition.

Notably, the fund reached this milestone five times faster than the former record-holder, #GLD—the largest gold ETF—which took 1,691 days to attract $70 billion.

Regarding intraday strategy in the crypto market, I'll continue to act based on any large dips in Bitcoin and Ethereum, anticipating the continuation of the medium-term bull market, which remains intact.

As for short-term trading, the strategy and conditions are outlined below:

This image is no longer relevant

Bitcoin

Buy Scenario

Scenario #1: I will buy Bitcoin today at the entry point around $109,800, aiming for a rise to $111,700. Around $111,700, I plan to exit long positions and sell immediately on the rebound. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome Oscillator is in the zone above zero.

Scenario #2: Bitcoin can be bought from the lower boundary of $109,000 if there is no market reaction to a breakout, with a reversal back toward $109,900 and $111,700.

Sell Scenario

Scenario #1: I will sell Bitcoin today at the entry point around $109,000, aiming for a drop to $107,400. Around $107,400, I plan to exit shorts and buy immediately on the rebound. Before selling on a breakout, make sure the 50-day moving average is above the current price and the Awesome Oscillator is in the zone below zero.

Scenario #2: Bitcoin can be sold from the upper boundary of $109,900 if there is no market reaction to a breakout, with a reversal back toward $109,000 and $107,400.

This image is no longer relevant

Ethereum

Buy Scenario

Scenario #1: I will buy Ethereum today at the entry point around $2,686, aiming for a rise to $2,782. Around $2,782, I plan to exit long positions and sell immediately on the rebound. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome Oscillator is in the zone above zero.

Scenario #2: Ethereum can be bought from the lower boundary of $2,649 if there is no market reaction to a breakout, with a reversal back toward $2,686 and $2,782.

Sell Scenario

Scenario #1: I will sell Ethereum today at the entry point around $2,649, with the aim of dropping to $2,578. Around $2,578, I plan to exit shorts and buy immediately on the rebound. Before selling on a breakout, make sure the 50-day moving average is above the current price and the Awesome Oscillator is in the zone below zero.

Scenario #2: Ethereum can be sold from the upper boundary of $2,686 if there is no market reaction to a breakout, with a reversal back toward $2,649 and $2,578.

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

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

Trading Recommendations for the Cryptocurrency Market on June 16

Bitcoin and Ethereum regained their positions following a major sell-off at the end of last week, which occurred after the outbreak of the military conflict between Iran and Israel. This

Miroslaw Bawulski 08:55 2025-06-16 UTC+2

The Cryptocurrency Market Collapsed — Here's Why

Bitcoin and Ethereum have crashed. Bitcoin lost around 3.5% during morning trading alone, while Ethereum dropped by more than 10%, then slightly rebounded. Panic swept through the cryptocurrency market immediately

Jakub Novak 11:12 2025-06-13 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.