Demand for Bitcoin and Ethereum returned at the beginning of this week. Bitcoin has broken above the $109,000 level, while Ethereum is attempting to consolidate above the $2,550 mark.

Yesterday, Tether CEO Paolo Ardoino stated that the company will continue to focus on international markets despite the U.S. planning to introduce the GENIUS Act to regulate stablecoins. This is partly good news. The broader the acceptance stablecoins receive at various legislative levels, the better for everyone — from the crypto community to regulators. Greater adoption of stablecoins, both at the user and regulatory levels, opens new opportunities for the development of the cryptocurrency industry as a whole. Increased liquidity, reduced volatility, and simplified transactions contribute to the broader use of cryptocurrencies in daily life and business.

Tether's strategic maneuvering amid a changing regulatory landscape demonstrates the company's maturity and readiness to adapt to new challenges. Geographic diversification reduces risks associated with potential restrictions in a single jurisdiction and allows Tether to expand its user base by reaching new markets and audiences.

As for intraday strategy in the cryptocurrency market, I will focus on buying any major dips in Bitcoin and Ethereum, anticipating further development of the medium-term bull market, which remains intact.

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

Bitcoin

Buy Scenario

Scenario 1: I will buy Bitcoin today at the entry point near $109,900, targeting a rise to $111,000. Around $111,000, I will exit long positions and sell immediately on a bounce. Before buying the 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 of $109,000 if there is no market reaction to its breakout, with a return toward $109,900 and $111,000.

Sell Scenario

Scenario 1: I will sell Bitcoin today at the entry point near $109,000, targeting a decline to $107,900. Around $107,900, I will exit short positions and buy immediately on a bounce. Before selling the breakout, ensure 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 of $109,900 if there is no market reaction to its breakout, with a return toward $109,000 and $107,900.

Ethereum

Buy Scenario

Scenario 1: I will buy Ethereum today at the entry point near $2,576, targeting a rise to $2,611. Around $2,611, I will exit long positions and sell immediately on a bounce. Before buying the breakout, ensure 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 of $2,553, with a return toward $2,576 and $2,611.

Sell Scenario

Scenario 1: I will sell Ethereum today at the entry point near $2,553, targeting a decline to $2,521. Around $2,521, I will exit short positions and buy immediately on a bounce. Before selling the breakout, ensure 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 of $2,576 if there is no market reaction to its breakout, with a return toward $2,553 and $2,521.