empty
22.01.2025 03:42 PM
Trading Recommendations for the Cryptocurrency Market on January 22nd (U.S. Session)

Bitcoin experienced a slight correction during the first half of the day, but no suitable entry points materialized. Ethereum, on the other hand, performed well after breaking through the marked support level at $3311.

This image is no longer relevant

Meanwhile, metrics indicate that whales are actively purchasing DOGE. Recently, during Donald Trump's inauguration, Elon Musk promised to "send DOGE to Mars." Notably, the first thing that appeared on the new official website of the US Department of Government Efficiency (abbreviated as DOGE) was the Dogecoin logo. According to some experts, with Trump in power, Musk can officially pump DOGE as much as he wants. Musk's promise to make DOGE the currency for Mars has not only generated excitement but also sparked discussions among crypto enthusiasts and tech experts. Musk plans to integrate digital currencies into colonies on the Red Planet. Dogecoin is expected to be the primary currency for Martian residents, facilitating exchanges and creating an innovation-based economy. Musk highlights that next-generation currencies are critical for the future of interplanetary trade.

Meanwhile, bullish sentiment in Bitcoin options on the CME has reached its highest level since the US elections. Flows into Bitcoin spot ETFs have also risen significantly, indicating sustained interest in risk assets despite Trump's inauguration.

The shifts in Bitcoin options and spot ETF markets underscore growing optimism among investors, spurred by anticipated economic reforms and potential changes to cryptocurrency regulations. Amid political uncertainty, many investors are seeking ways to hedge their assets and profit from market volatility. Bitcoin, as the most prominent cryptocurrency, continues to attract attention as a hedge against inflation and potential economic downturns.

Regarding intraday trading strategies, I will continue to capitalize on major pullbacks in Bitcoin and Ethereum, expecting the continuation of the medium-term bullish trend. Below are short-term strategies and conditions for trading.

Bitcoin

This image is no longer relevant

Buy Scenarios

Scenario #1: Buy Bitcoin today at an entry point near $105,400, targeting a rise to $107,000. Around $107,000, exit purchases and sell immediately on a rebound. Before buying, ensure the 50-day moving average is below the current price and the Awesome Oscillator is in the positive zone.

Scenario #2: Buy Bitcoin from the lower boundary at $104,500 if there is no market reaction to its break, with targets at $105,400 and $107,020.

Sell Scenarios

Scenario #1: Sell Bitcoin today at an entry point near $104,500, targeting a drop to $103,000. Around $103,000, exit sales and buy immediately on a rebound. Before selling, ensure the 50-day moving average is above the current price and the Awesome Oscillator is in the negative zone.

Scenario #2: Sell Bitcoin from the upper boundary at $105,400 if there is no market reaction to its break, with targets at $104,400 and $103,000.

Ethereum

This image is no longer relevant

Buy Scenarios

Scenario #1: Buy Ethereum today at an entry point near $3311, targeting a rise to $3368. Around $3368, exit purchases and sell immediately on a rebound. Before buying, ensure the 50-day moving average is below the current price and the Awesome Oscillator is in the positive zone.

Scenario #2: Buy Ethereum from the lower boundary at $3283 if there is no market reaction to its break, with targets at $3311 and $3368.

Sell Scenarios

Scenario #1: Sell Ethereum today at an entry point near $3283, targeting a drop to $3229. Around $3229, exit sales and buy immediately on a rebound. Before selling, ensure the 50-day moving average is above the current price and the Awesome Oscillator is in the negative zone.

Scenario #2: Sell Ethereum from the upper boundary at $3311 if there is no market reaction to its break, with targets at $3283 and $3229.

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

Crypto market resilient despite dollar volatility

BTC/USD is rising again today after yesterday's dip, overall maintaining its bullish momentum. Fundamentally, conditions continue to support BTC/USD growth in the medium term. The global economic and market landscape

Jurij Tolin 14:14 2025-07-08 UTC+2

Japan's digital bank by Metaplanet

While Bitcoin stubbornly refuses to decline, fueled by massive demand from ETF funds, the Japanese firm Metaplanet is planning to use its Bitcoin reserves to create the first digital bank

Jakub Novak 13:46 2025-07-08 UTC+2

Trading tips for crypto market on July 8

Both Bitcoin and Ethereum remain on a sound footing, poised to continue a bullish trend. As long as BTC continues trading above the $105,000 mark, the odds of further growth

Miroslaw Bawulski 12:16 2025-07-08 UTC+2

Clarity act on digital asset market gains support

Bitcoin and Ethereum have returned to the channels in which they spent most of last week. While Bitcoin has yet to break above the $109,000 mark, the prospects

Jakub Novak 11:00 2025-07-08 UTC+2

Elon Musk's America party advocates for Bitcoin and digital assets

The recently formed political party, America Party led by Elon Musk, will support Bitcoin. This was announced by the Tesla CEO himself on social media. "Fiat is hopeless

Jakub Novak 15:31 2025-07-07 UTC+2

Bitcoin will test its Support.1 after successfully breaking through and closing below the Uptrendline intraday chart, Friday, July 4, 2024.

Bitcoin – Friday, July 4, 2025. With an inflow into the Bitcoin ETF around USD$ 50 billion, it shows strong interest from investors, thus strengthening the legitimacy of this cryptocurrency

Arief Makmur 07:58 2025-07-04 UTC+2

Ripple has the potential to correct and weaken down to the Support level of 2.1924, Friday, July 4, 2025.

Ripple – Friday, July 4, 2025 Friendly regulatory pressure and the case with the SEC that seems to be stopped and open interest in the derivatives market that has jumped

Arief Makmur 07:58 2025-07-04 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 4

Bitcoin has encountered significant resistance around $110,000, and it is unlikely to break through this level easily in the near term. Ethereum is also facing difficulties moving above the $2,600

Miroslaw Bawulski 07:27 2025-07-04 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 3

Bitcoin and Ether have resumed growth, reaching new weekly highs amid favorable macroeconomic conditions. Over the past 24 hours, Bitcoin has risen by 2.5%, trading above $109,000. Ethereum also advanced

Miroslaw Bawulski 08:47 2025-07-03 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 2

Bitcoin continued its correction and during today's Asian trading session reached a new level of $105,000. Ethereum also dropped significantly but was quickly bought back, stabilizing around $2,425. Meanwhile

Miroslaw Bawulski 08:33 2025-07-02 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.