empty
10.04.2025 08:05 AM
Trading Recommendations for the Cryptocurrency Market on April 10

Bitcoin and Ethereum both surged, gaining between 6% and 10% on news that Trump had suddenly changed his mind.

A strong wave of FOMO is evident in BTC following news of a 90-day pause on U.S. reciprocal tariffs. However, this is no time for euphoria or panic buying. It's important to understand that the trade war issue remains unresolved. Moreover, historical analysis shows that such "pauses" often provide only temporary relief, usually followed by renewed tensions and subsequent sell-offs of risk assets. Investors are advised to remain cautious and not be swayed by short-term market swings.

This image is no longer relevant

Instead of impulsive purchases driven by fear of missing out, it's better to stick to a well-crafted trading strategy. Asset diversification, prudent capital allocation, and stop-loss levels help reduce risks and protect long-term investments. One must remember that the crypto market is highly volatile, and caution remains the trader's best ally.

On the crypto market, I will continue to operate based on major pullbacks in Bitcoin and Ethereum, expecting a bullish trend to resume in the medium term, which is still intact.

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

This image is no longer relevant

Bitcoin

Buy Scenario

Scenario #1:

Buy Bitcoin today at the entry point near $82,350, with a target of $84,400. I plan to exit long positions around $84,400 and open short positions on the pullback.

Important: Before entering on a breakout, confirm that the 50-day moving average is below the current price, and the Awesome Oscillator is in positive territory.

Scenario #2:

Buy Bitcoin from the lower boundary of $81,200 if there's no reaction to a downward breakout, targeting a rebound toward $82,350 and $84,400.

Sell Scenario

Scenario #1:

Sell Bitcoin today at the entry point near $81,200, targeting a drop to $79,600. Exit shorts and consider buying at the bounce from $79,600.

Important: Before entering on a breakout, make sure the 50-day moving average is above the current price, and the Awesome Oscillator is in negative territory.

Scenario #2:

Sell Bitcoin from the upper boundary of $82,400 if there's no breakout reaction, targeting a move back to $81,200 and $79,600.

This image is no longer relevant

Ethereum

Buy Scenario

Scenario #1:

Buy Ethereum today at the entry point near $1,639, aiming for a rise to $1,695. Exit long positions at $1,695 and switch to shorts on the pullback. Important: Confirm that the 50-day moving average is below the current price, and the Awesome Oscillator is in positive territory.

Scenario #2:

Buy Ethereum from the lower boundary of $1,597 if there's no breakout response, targeting a rebound to $1,639 and $1,695.

Sell Scenario

Scenario #1:

Sell Ethereum today at the entry point near $1,597, targeting a fall to $1,540. Exit shorts at $1,540 and open long positions on the bounce.

Important: Ensure the 50-day moving average is above the current price, and the Awesome Oscillator is in negative territory.

Scenario #2:

Sell Ethereum from the upper boundary of $1,639 if there's no breakout reaction, targeting a return to $1,597 and $1,540.

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

Trading Recommendations for the Cryptocurrency Market on August 4

Bitcoin and Ethereum started August on a rather bearish note. Following a sharp drop in the U.S. stock market last Friday, the cryptocurrency market also moved downward, once again demonstrating

Miroslaw Bawulski 09:28 2025-08-04 UTC+2

Trading Recommendations for the Cryptocurrency Market on August 1

Bitcoin and Ethereum saw a significant decline, ending the month with profit-taking. Despite the correction, July was fairly positive—especially for Ethereum, which gained over 49% in price. Bitcoin rose

Miroslaw Bawulski 09:34 2025-08-01 UTC+2

Bitcoin plunges to around $114,300, while Ethereum tests $3,615

The beginning of the new month has been relatively carefree, considering that just earlier this week, Bitcoin was trading near $120,000. Now, it's crucial to see whether large players will

Jakub Novak 09:25 2025-08-01 UTC+2

Will Cardano continue its decline and reach its nearest support level? Friday, August 01, 2025.

Cardano – Friday, August 01, 2025. With the EMA (5) which is below the EMA(200) and the RSI (14) indicator at Extreme Bearish levels, Cardano has the potential to experience

Arief Makmur 08:02 2025-08-01 UTC+2

Could Polkadot continue the path to its support level? Friday, August 01, 2025.

Polkadot – Friday, August 01, 2025. Sellers are quite dominant in the Polkadot cryptocurrency, as confirmed by the Death Cross EMA position and the RSI(14) indicator in Extreme Bearish conditions

Arief Makmur 08:02 2025-08-01 UTC+2

First US crypto policy report opens new era

Bitcoin briefly dipped following the Fed's recent decision but quickly rebounded, maintaining its range-bound trade between $116,000 and $120,000. This sideways movement may soon lay the groundwork for a breakout

Jakub Novak 11:33 2025-07-31 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 31

After a solid pullback to around $ 116,000 yesterday, Bitcoin is once again trading at $118,200 today, signaling continued demand. Ethereum has also recovered all its losses

Miroslaw Bawulski 09:18 2025-07-31 UTC+2

Federal Reserve's meeting today may boost crypto market

The Federal Reserve's policy meeting today could provide a boost to the cryptocurrency market. Even the slightest hint from the committee about a potential interest rate cut in September would

Jakub Novak 13:19 2025-07-30 UTC+2

Trading tips for crypto market on July 30 (North American session)

Bitcoin remains firmly above $118,000, clearly targeting a potential breakout above $120,000. Ethereum has seen a slight correction but continues to trade within a channel, signaling further upside potential. Today's

Miroslaw Bawulski 13:12 2025-07-30 UTC+2

Time to consider buying XRP?

Bitcoin and Ethereum continue to trade around the same levels, with no significant shifts in market dynamics. If current prices make these assets seem too expensive, perhaps it is worth

Jakub Novak 11:18 2025-07-30 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.