Bitcoin failed to hold above the $110,000 level, while Ethereum again showed decent growth, fueled by news of a possible significant increase in the gas limit per block in the blockchain.

Yesterday, the topic of the U.S. Bitcoin reserve was once again discussed in the market. Bo Hines, President Trump's Executive Director for Digital Assets, stated that the United States plans to become a BTC superpower. This ambitious statement came amid growing interest in cryptocurrencies and blockchain technologies from private investors and public institutions. Hines emphasized that the Trump administration sees Bitcoin as a promising investment vehicle and a key element of a new economic paradigm.

Clearly, implementing this strategy will require a comprehensive approach, including the development of a favorable regulatory framework, investment in infrastructure, and support for innovative projects in the digital asset space—something Donald Trump is currently striving for. Special attention will also be given to ensuring transaction transparency and security and combating illegal activities associated with cryptocurrencies.

"Creating a 'BTC superpower' also involves active engagement with the international community to establish global standards for digital asset regulation," said the White House representative. "The U.S. aims to take the lead in this field by setting the rules of the game and attracting talented professionals from around the world." According to Hines, the U.S. intends to accumulate as large a BTC reserve as possible and will not sell a single coin.

As for the intraday strategy in the cryptocurrency market, I will continue to rely on any significant pullbacks in Bitcoin and Ethereum in anticipation of the continued development of a medium-term bull market that is still very much intact.

Below are the short-term trading strategies and conditions.

Bitcoin

Buy Scenario

Scenario #1: I plan to buy Bitcoin today upon reaching the entry point near $109,000, with a target of rising to $110,000. Around the $110,000 mark, I will exit long positions and sell immediately on a rebound. Before buying a breakout, ensure the 50-day moving average is below the current price and the Awesome Oscillator is above the zero line.

Scenario #2: Bitcoin can also be bought from the lower boundary at $108,500 if there is no market reaction to a breakout, aiming for a rebound back to $109,000 and $110,000.

Sell Scenario

Scenario #1: I plan to sell Bitcoin today at an entry point of around $108,400, with a target of falling to $107,500. Around $107,500, I will exit short positions and buy immediately on a rebound. Before selling a breakout, ensure the 50-day moving average is above the current price and the Awesome Oscillator is below zero.

Scenario #2: Bitcoin can also be sold from the upper boundary of $109,000 if there is no reaction to a breakout, aiming for a return to $108,400 and $107,500.

Ethereum

Buy Scenario

Scenario #1: I plan to buy Ethereum today upon reaching the entry point near $2648 with a target of rising to $2709. Around $2709, I will exit long positions and sell immediately on a rebound. Before buying a breakout, ensure the 50-day moving average is below the current price and the Awesome Oscillator is above zero.

Scenario #2: If the market does not react to a breakout, Ethereum can also be bought from the lower boundary at $2616, aiming for a return to $2648 and $2709.

Sell Scenario

Scenario #1: I plan to sell Ethereum today at an entry point of around $2616 with a target of falling to $2562. Around $2562, I will exit short positions and buy immediately on a rebound. Before selling a breakout, ensure the 50-day moving average is above the current price and the Awesome Oscillator is below zero.

Scenario #2: Ethereum can also be sold from the upper boundary of $2648 if there is no reaction to a breakout, aiming for a return to $2616 and $2562.