empty
28.04.2025 08:19 AM
Trading Recommendations for the Cryptocurrency Market on April 28

Bitcoin is being pressured, but it still holds up quite confidently. After rebounding from the $92,000 mark, the first cryptocurrency returned to the $94,000 area, maintaining good growth prospects. The situation with Ethereum is more complicated: the observed pressure is leading to much larger sell-offs, although buyers are still managing to hold their ground for now.

This image is no longer relevant

Overall, all the corrections that have occurred recently following the significant growth of the cryptocurrency market early last week have been relatively orderly and calm, which preserves the chances for continued upward potential.

According to the latest data, the total net inflow into spot Bitcoin ETFs exceeded $3 billion last week, while the net inflow into spot Ethereum ETFs over the same period was $157 million.

This impressive capital inflow into Bitcoin ETFs reflects growing institutional interest and increasing confidence in cryptocurrency as an asset class. Investors seeking diversification and protection against inflation increasingly view Bitcoin as a promising tool.

Simplified access to Bitcoin via ETFs attracts experienced traders and newcomers who want to enter the crypto world without needing to buy and store digital assets directly. Given the recent strong market growth, this inflow is fueling new discussions about the continuation of the medium-term bullish trend.

The observed capital inflows into spot Bitcoin and Ethereum ETFs indicate sustained investor interest in cryptocurrencies and their growing integration into traditional financial markets.

Regarding the intraday strategy on the cryptocurrency market, I will continue to base my actions on any major pullbacks in Bitcoin and Ethereum, counting on continuing the medium-term bullish trend, which remains intact.

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

This image is no longer relevant

Bitcoin

Buy Scenario

Scenario #1: Today, I plan to buy Bitcoin upon reaching the entry point of around $94,400, with a target growth of $95,400. Around $95,400, I plan to exit purchases and immediately sell on the pullback. Before buying on the breakout, it is important to ensure that the 50-day moving average is below the current price and that the Awesome indicator is in the positive zone.

Scenario #2: If the market does not react to Bitcoin's breakout, it can also be bought from the lower boundary of $93,800, aiming for levels of $94,400 and $95,400.

Sell Scenario

Scenario #1: Today, I plan to sell Bitcoin upon reaching the entry point of around $93,800, with a target decline of $92,800. Around $92,800, I plan to exit sales and immediately buy on the rebound. Before selling on the breakout, ensuring that the 50-day moving average is above the current price and that the Awesome indicator is in the negative zone is essential.

Scenario #2: Bitcoin can also be sold from the upper boundary of $94,400 if there is no market reaction to its breakout, aiming for $93,800 and $92,800.

This image is no longer relevant

Ethereum

Scenario #1: Today, I plan to buy Ethereum upon reaching the entry point around $1805 with a target growth to the $1848 level. Around $1848, I plan to exit purchases and immediately sell on the pullback. Before buying on the breakout, it is important to ensure that the 50-day moving average is below the current price and that the Awesome indicator is in the positive zone.

Scenario #2: If the market does not react to Ethereum's breakout, it can also be bought from the lower boundary of $1782, aiming for levels $1805 and $1848.

Sell Scenario

Scenario #1: Today, I plan to sell Ethereum upon reaching the entry point around $1782, with a target decline to the $1747 level. Around $1747, I plan to exit sales and immediately buy on the rebound. Before selling on the breakout, ensuring that the 50-day moving average is above the current price and that the Awesome indicator is in the negative zone is important.

Scenario #2: If the market does not react to Ethereum's breakout, it can also be sold from the upper boundary of $1805, aiming for levels $1782 and $1747.

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 tips for crypto market on August 14 (North American session)

Bitcoin slipped from its "pedestal" and is now trading around $121,600. The clear absence of a large buyer, seen yesterday, opens the door for a deeper correction in the leading

Miroslaw Bawulski 16:26 2025-08-14 UTC+2

Big players' money brings Ethereum closer to its all-time high

Over the past week, spot ETH exchange-traded funds have seen record demand, including a $1 billion inflow in a single day. Meanwhile, recent policy changes—from the White House opening 401(k)

Jakub Novak 15:45 2025-08-14 UTC+2

Ethereum one step away from updating all-time high

Ethereum made strong gains yesterday, stopping just one step short of refreshing its all-time high, touching the 4,785 mark. Bitcoin, on the other hand, despite all challenges, managed to break

Jakub Novak 10:29 2025-08-14 UTC+2

Trading Recommendations for the Cryptocurrency Market on August 14

Bitcoin has reached a new all-time high, while Ethereum narrowly missed achieving the same milestone. In the past 24 hours, Bitcoin has increased by 3.17% and is currently trading

Miroslaw Bawulski 08:58 2025-08-14 UTC+2

One more step in developing decentralized crypto apps

Bitcoin is holding up quite well, even around the $120,000 mark, which keeps the chances of further growth alive, with a move toward $126,000 possible in the coming days. Ether

Jakub Novak 14:56 2025-08-13 UTC+2

Ethereum Foundation sells Ether

While Ether's price is just a step away from reaching a new all-time high, the Ethereum Foundation has begun gradually selling its holdings. This move certainly raises some eyebrows

Jakub Novak 09:35 2025-08-13 UTC+2

Trading Recommendations for the Cryptocurrency Market on August 13

Bitcoin is holding relatively steady above the 118,000 mark, maintaining the chances of breaking through the 120,000 level in the near term. Ethereum appears clearly aimed at updating its all-time

Miroslaw Bawulski 08:56 2025-08-13 UTC+2

Bitcoin quickly loses all recent gains

Yesterday, Bitcoin and Ethereum quickly gave up all their gains after large purchases seen during Asian trading hours. However, this profit-taking can be considered largely speculative, as major market players

Jakub Novak 10:19 2025-08-12 UTC+2

Trading Recommendations for the Cryptocurrency Market on August 12

Ethereum has been experiencing significant volatility lately. Yesterday, we saw a sharp surge in Ethereum's value, following Bitcoin's lead, but this surge quickly subsided, with prices returning to more stable

Miroslaw Bawulski 09:49 2025-08-12 UTC+2

Bitcoin reaches $122K

Since the start of Asian trading, Bitcoin has climbed from $118,000 to $122,000, with no signs of selling pressure in sight. Ethereum has topped $4,300, supported by positive macroeconomic news

Jakub Novak 09:22 2025-08-11 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.