19.05.202609:08 Forex Analysis & Reviews: Recommendations for Trading in the Cryptocurrency Market on May 19

Bitcoin has recovered slightly from yesterday's decline and is currently trading at $77,000. Ethereum has also increased slightly, reaching $2,135.

Both Bitcoin and Ethereum reacted sharply, rising after Trump's statements on the Middle East yesterday. Trump reported that he was approached by three regional leaders—the Emir of Qatar, Tamim bin Hamad Al Thani; the Crown Prince of Saudi Arabia, Mohammed bin Salman; and the President of the UAE, Mohammed bin Zayed—requesting that he not strike, as serious negotiations are underway. According to them, a deal is achievable and could satisfy all parties. The key condition that Trump publicly stated is that Iran must not have nuclear weapons. Out of respect for allies, the American president ordered Defense Secretary Pete Hegseth and Chairman of the Joint Chiefs of Staff General Daniel Caine not to carry out the planned operation.

I would like to note that the reaction of the cryptocurrency market here is quite indicative. Bitcoin is increasingly trading as a genuine macro asset, responding sensitively to geopolitical shifts—just like oil or gold. The reduction in the risk of direct military confrontation between the US and Iran removes the acute escalation scenario that has weighed on risk assets in recent days. However, it is still too early to celebrate: Trump himself has made it clear that the postponement does not mean cancellation. If negotiations reach an impasse, the military option remains on the table—and the market understands this perfectly well.

As for the intraday strategy in the cryptocurrency market, I will continue to act on significant drawdowns in Bitcoin and Ethereum, anticipating the continuation of the long-term bullish market, which has not gone away.

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

Bitcoin

Buying Scenario

Scenario No. 1: I plan to buy Bitcoin today when the entry point reaches around $77,100, with the aim of rising to $77,900. At around $77,900, I will exit the buy trades and sell immediately on the rebound. Before buying on a breakout, ensure that the 50-day moving average is below the current price and the Awesome indicator is above zero.

Scenario No. 2: I can buy Bitcoin from the lower boundary of $76,500 if there is no market reaction to its breakout in the opposite direction towards levels $77,100 and $77,900.

Selling Scenario

Scenario No. 1: I plan to sell Bitcoin today when the entry point reaches around $76,500, aiming to fall to $75,400. At around $75,400, I will exit the sell trades and buy immediately on the rebound. Before selling on a breakout, ensure that the 50-day moving average is above the current price and the Awesome indicator is below zero.

Scenario No. 2: I can sell Bitcoin from the upper boundary of $77,100 if there is no market reaction to its breakout in the opposite direction towards levels $76,500 and $75,400.

Ethereum

Buying Scenario

Scenario No. 1: I plan to buy Ethereum today when the entry point reaches around $2,146, with the aim of rising to $2,191. At around $2,191, I will exit the buy trades and sell immediately on the rebound. Before buying on a breakout, ensure that the 50-day moving average is below the current price and the Awesome indicator is above zero.

Scenario No. 2: I can buy Ethereum from the lower boundary of $2,119 if there is no market reaction to its breakout in the opposite direction towards levels $2,146 and $2,191.

Selling Scenario

Scenario No. 1: I plan to sell Ethereum today when the entry point reaches around $2,119, aiming to fall to $2,065. At around $2,065, I will exit the sell trades and buy immediately on the rebound. Before selling on a breakout, ensure that the 50-day moving average is above the current price and the Awesome indicator is below zero.

Scenario No. 2: I can sell Ethereum from the upper boundary of $2,146 if there is no market reaction to its breakout in the opposite direction towards levels $2,119 and $2,065.