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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.

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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.

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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.

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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
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