Bitcoin surged by more than 10%, and Ethereum gained 11% during yesterday's trading session, following news that pleasantly surprised cryptocurrency buyers. Bitcoin reached the $95,000 level, while Ethereum climbed to $2,550. However, it is important to note that market pressure on these assets has significantly increased.

Yesterday, former U.S. President Donald Trump announced that the U.S. would establish a cryptocurrency reserve aimed at revitalizing the crypto industry after years of challenges and scrutiny from the Biden administration. "My executive order on digital assets has instructed the Presidential Task Force to proceed with the creation of a cryptocurrency strategic reserve, which will include BTC, ETH, XRP, SOL, and ADA. I will do everything in my power to make the United States the world capital of cryptocurrency," Trump stated.

According to Trump, the cryptocurrency reserve will be a powerful tool for stabilizing the digital asset market and protecting American investors. He emphasized that the Biden administration had intentionally suppressed the crypto industry by fostering an environment of uncertainty and hindering innovation. The creation of this reserve, which will encompass major cryptocurrencies like BTC, ETH, XRP, SOL, and ADA, represents a crucial step forward. It is expected to provide stability and reliability in the crypto industry, attracting more institutional investors and individual traders alike.

Trump expressed confidence that his cryptocurrency policies would allow the U.S. to lead in the field while creating jobs and stimulating economic growth.

This led to a massive surge in the crypto market following a significant downturn the previous week.

As for the intraday trading strategy, I will focus on major pullbacks in Bitcoin and Ethereum, anticipating continuing the bullish trend in the medium term.

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

Bitcoin

Buy Scenario

Scenario #1: I plan to buy Bitcoin today when the price reaches $93,300, aiming for a rise to $96,100. At $96,100, I will exit long positions and sell immediately on a rebound. Before buying on a breakout, I will ensure that the 50-day moving average is below the current price and the Awesome Oscillator is above zero.

Scenario #2: Another buying opportunity arises at $91,800, provided there is no reaction to a breakout downward, with targets set at $93,300 and $96,100.

Sell Scenario

Scenario #1: I plan to sell Bitcoin today when the price reaches $91,800, targeting a decline to $88,900. At $88,900, I will exit short positions and buy immediately on a rebound. Before selling on a breakout, I will ensure that the 50-day moving average is above the current price and the Awesome Oscillator is below the zero line.

Scenario #2: Another selling opportunity arises at $93,300, provided there is no reaction to a breakout upward, with targets set at $91,800 and $88,900.

Ethereum

Buy Scenario

Scenario #1: I plan to buy Ethereum today when the price reaches $2,448, aiming for a rise to $2,573. At $2,573, I will exit long positions and sell immediately on a rebound. Before buying on a breakout, I will ensure that the 50-day moving average is below the current price and the Awesome Oscillator is above zero.

Scenario #2: Another buying opportunity arises at $2,369, provided there is no reaction to a breakout downward, with targets set at $2,448 and $2,573.

Sell Scenario

Scenario #1: I plan to sell Ethereum today when the price reaches $2,369, targeting a decline to $2,232. At $2,232, I will exit short positions and buy immediately on a rebound. Before selling on a breakout, I will ensure that the 50-day moving average is above the current price and the Awesome Oscillator is below zero.

Scenario #2: Another selling opportunity arises at $2,448, provided there is no reaction to a breakout upward, with targets set at $2,369 and $2,232.