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 to stay above $2,500.

Meanwhile, last week, Strategy acquired another 4,980 BTC, spending $531 million. Strategy now holds a total of 597,325 BTC, purchased for $42.4 billion at an average price of $70,982 per coin.

In addition to Strategy's aggressive buying, there has been increased activity among other institutional investors, indicating growing recognition of Bitcoin as a mature and promising asset. Major investment funds and corporations, once cautious, are now actively integrating cryptocurrency into their portfolios to diversify risk and increase returns. Data shows that a growing number of private companies are purchasing Bitcoin for their balance sheets.

However, considering Bitcoin's difficulties in advancing toward the upper boundary of the sideways channel at $111,000, it's best not to rush into buying. It's more prudent to look for opportunities around the middle of the range, approximately $105,000–$106,000, or near the lower boundary at $101,000.

As for the intraday strategy in the cryptocurrency market, I will continue to rely on major dips in Bitcoin and Ethereum, anticipating a continuation of the medium-term bull market, which remains intact.

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

Buy Scenario

Scenario #1: I plan to buy Bitcoin today upon reaching an entry point of around $107,200, with a target of $108,500 for growth. At around $108,500, I plan to exit my long positions and sell immediately on the rebound.

Before buying a breakout, ensure the 50-day moving average is below the current price and the Awesome Oscillator is in the zone above zero.

Scenario #2: Buying from the lower boundary at $106,600 is also an option if there is no market reaction to a breakout, with a rebound expected toward $107,200 and $108,500.

Sell Scenario

Scenario #1: I plan to sell Bitcoin today from an entry point of around $106,600, aiming for a drop to $105,700. I plan to exit the sell position at $105,700 and buy immediately on the rebound.

Before selling a breakout, ensure the 50-day moving average is above the current price and the Awesome Oscillator is in the zone below zero.

Scenario #2: Selling from the upper boundary at $107,200 is also an option if there is no market reaction to a breakout, with a rebound expected toward $106,600 and $105,700.

Ethereum

Buy Scenario

Scenario #1: I plan to buy Ethereum today upon reaching an entry point of around $2,470, targeting growth to $2,508. I plan to exit the buy position at $2,508 and sell immediately on the rebound.

Before buying a breakout, ensure the 50-day moving average is below the current price and the Awesome Oscillator is in the zone above zero.

Scenario #2: Buying from the lower boundary at $2,450 is also an option if there is no market reaction to a breakout, with a rebound expected toward $2,470 and $2,508.

Sell Scenario

Scenario #1: I plan to sell Ethereum today from an entry point of around $2,450, aiming for a drop to $2,418. I plan to exit the sell position at $2,418 and buy immediately on the rebound.

Before selling a breakout, ensure the 50-day moving average is above the current price and the Awesome Oscillator is in the zone below zero.

Scenario #2: Selling from the upper boundary at $2,470 is also an option if there is no market reaction to a breakout, with a rebound expected toward $2,450 and $2,418.