empty
09.06.2025 09:21 AM
Trading Recommendations for the Cryptocurrency Market on June 9

Bitcoin has reached its recently favored level of $106,500 again, even though Friday's U.S. labor market data did not support this rise. Ethereum also strengthened over the weekend, but today's Asian session brought many surprises. A major sell-off across the market served as a wake-up call for traders hoping for another "to the moon" rally.

This image is no longer relevant

The data showed that the U.S. labor market remains in good shape, which allows the Federal Reserve to keep interest rates at current levels for longer — a negative for risk assets, including Bitcoin. The strength of the U.S. labor market effectively dashes investors' hopes for a near-term monetary policy easing. Moreover, strong employment figures give the Fed the confidence to fight inflation without fearing an economic slowdown. This exerts pressure on rate-sensitive assets. Bitcoin, like other cryptocurrencies, is traditionally considered a risk asset. In an environment of high interest rates and shrinking liquidity, the appeal of such assets diminishes as investors shift toward more conservative and profitable instruments. Thus, the current macroeconomic situation is unfavorable for Bitcoin's growth.

Nevertheless, Bitcoin's long-term prospects remain positive despite short-term fluctuations. Michael Saylor recently stated that, given the accelerating pace of BTC adoption, he has become even more optimistic about his $13 million Bitcoin forecast by 2040. Saylor's optimism is supported by several factors, including growing institutional investor interest, an increasing number of companies accepting Bitcoin as payment, and the ongoing development of the cryptocurrency infrastructure. Regulation of cryptocurrencies is also becoming clearer and more structured, helping to attract new market participants.

Regarding the intraday strategy for the cryptocurrency market, I will continue to act based on any significant pullbacks in Bitcoin and Ethereum, counting on continuing the bullish market in the medium term, which remains intact.

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

This image is no longer relevant

Bitcoin

Buy Scenario

Scenario #1: Today, I plan to buy Bitcoin at the entry point around $105,700, targeting a rise to $106,500. Around $106,500, I will exit the long positions and immediately sell on the pullback. Before buying on a breakout, ensure that the 50-day moving average is below the current price and that the Awesome Oscillator is above zero.

Scenario #2: If the market does not react to Bitcoin's breakout, it can also be bought from the lower boundary of $105,200, targeting levels of $105,700 and $106,500.

Sell Scenario

Scenario #1: Today, I plan to sell Bitcoin at the entry point around $105,200, targeting a drop to $104,400. Around $104,400, I will exit short positions and immediately buy on the rebound. Before selling on a breakout, ensure that the 50-day moving average is above the current price and that the Awesome Oscillator is below zero.

Scenario #2: Bitcoin can also be sold from the upper boundary of $105,700 if there is no market reaction to its breakout, targeting $105,200 and $104,400.

This image is no longer relevant

Ethereum

Buy Scenario

Scenario #1: Today, I plan to buy Ethereum at the entry point around $2494, targeting a rise to $2530. Around $2530, I will exit the long positions and immediately sell on the pullback. Before buying on a breakout, ensure that the 50-day moving average is below the current price and that the Awesome Oscillator is above zero.

Scenario #2: If the market does not react to Ethereum's breakout, it can also be bought from the lower boundary of $2476, targeting levels of $2494 and $2530.

Sell Scenario

Scenario #1: Today, I plan to sell Ethereum at the entry point of around $2476, targeting a drop to $2447. Around $2447, I will exit short positions and immediately buy on the rebound. Before selling on a breakout, ensure that the 50-day moving average is above the current price and that the Awesome Oscillator is below zero.

Scenario #2: If the market does not react to Ethereum's breakout, it can also be sold from the upper boundary of $2494, targeting levels $2476 and $2447.

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

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

Trading Recommendations for the Cryptocurrency Market on July 1

Bitcoin failed to hold the $108,000 level, slipping into a more acceptable zone around $107,000. Ethereum also showed weakness at the end of the month, retreating to $2,460 after failing

Miroslaw Bawulski 08:55 2025-07-01 UTC+2

Key events this week that may impact crypto market

Bitcoin has pulled back below the $108,000 level, while Ethereum briefly rose above $2,500 over the weekend before retreating again. Clearly, traders will be closely monitoring several upcoming macroeconomic data

Jakub Novak 14:53 2025-06-30 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 30

Bitcoin and Ethereum continued to grow over the weekend, indicating steady demand even as the leading cryptocurrency approaches its historical highs. While everyone is anticipating that Bitcoin will soon break

Miroslaw Bawulski 09:30 2025-06-30 UTC+2

Trading tips for crypto market on June 27 (North American session)

Bitcoin made another attempt to return to the $108,000 level, but failed to hold it and corrected lower, falling below the $107,000 mark, a move that could lead

Miroslaw Bawulski 15:47 2025-06-27 UTC+2

Another Major Company Announces $1 Billion Raise to Buy Bitcoin

The cryptocurrency market is showing strong confidence. Given its correlation with the U.S. stock market—where historical highs are being updated—there is room to expect further growth in digital assets. However

Jakub Novak 10:50 2025-06-27 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.