Bitcoin and Ethereum made a comeback after a significant decline the previous day. This drop was primarily driven by a decrease in demand for risk assets, following a major sell-off in the U.S. stock market. Notably, NVIDIA's stock fell by 17%, resulting in a loss of $600 billion in market capitalization, which highlights the severity of the situation.

The Chinese startup DeepSeek is causing concerns that could pose a threat not only to the US stock market but also to the cryptocurrency market, which has recently shown a strong correlation with fintech. Yesterday, Trump mentioned that he might implement radical measures to protect the economy; however, the exact effects of these measures on risky assets, such as Bitcoin, remain uncertain. For Bitcoin (BTC) to experience significant growth, concrete steps must be taken to establish a national reserve of digital assets in the US. Current discussions are insufficient to support a sustainable bullish trend.

The growing influence of DeepSeek poses risks not just to U.S. equities but also to cryptocurrencies. Trump's talk of protectionism has left investors feeling uncertain. If he were to implement radical measures, it could create a domino effect that impacts the liquidity and stability of risk assets. However, without a clearly defined strategy to support digital assets, such actions could worsen market conditions. Unless there is a strategic initiative to build a national reserve of cryptocurrencies or to implement regulations that promote Bitcoin's sustainable growth, these discussions will remain merely theoretical.

On January 23, the Chinese government announced an investment of $138 billion aimed at developing AI technologies, with a significant portion of the funds dedicated to creating innovative neural networks.

In terms of intraday trading in the cryptocurrency market, I will continue to focus on capitalizing on any major pullbacks in Bitcoin and Ethereum, as I anticipate that the medium-term bullish trend will persist.

Below are the strategies and conditions for short-term trading.

Bitcoin

Buy Scenarios

• Scenario #1: I plan to buy Bitcoin today at the entry point around $103,594, targeting a rise to $105,180. Near $105,180, I will exit the buy position and immediately sell on a pullback. Important: Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome Oscillator is in positive territory.
• Scenario #2: Bitcoin can also be bought from the lower boundary of $101,970, provided there is no market reaction to break below this level. The targets are $103,590 and $105,180.

Sell Scenarios

• Scenario #1: I plan to sell Bitcoin today at the entry point around $101,900, targeting a drop to $99,900. Near $99,900, I will exit the sell position and immediately buy on a pullback. Important: Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome Oscillator is in negative territory.
• Scenario #2: Bitcoin can also be sold from the upper boundary of $103,500, provided there is no market reaction to break above this level, with targets at $101,900 and $99,900.

Ethereum

Buy Scenarios

• Scenario #1: I plan to buy Ethereum today at the entry point around $3,224, targeting a rise to $3,291. Near $3,291, I will exit the buy position and immediately sell on a pullback. Important: Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome Oscillator is in positive territory.
• Scenario #2: Ethereum can also be bought from the lower boundary of $3,171, provided there is no market reaction to break below this level. The targets are $3,224 and $3,291.

Sell Scenarios

• Scenario #1: I plan to sell Ethereum today at the entry point of around $3,171, targeting a drop to $3,065. Near $3,065, I will exit the sell position and immediately buy on a pullback. Important: Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome Oscillator is in negative territory.
• Scenario #2: Ethereum can also be sold from the upper boundary of $3,224, provided there is no market reaction to break above this level, with targets at $3,171 and $3,065.