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27.10.202508:58 Forex Analysis & Reviews: Trading Recommendations for the Cryptocurrency Market on October 27

Bitcoin has returned to the vicinity of $116,000, signaling an upward move. Ethereum is also trying to stabilize above $4,200.

The cryptocurrency market has bounced back after news that the U.S. and China are close to reaching an agreement on several trade disputes, which has reduced the likelihood of the U.S. imposing 100% tariffs to nearly zero.

Investors interpreted this as a signal of decreasing geopolitical tension and a return of appetite for risk assets, including cryptocurrencies. Bitcoin, as the market flagbearer, demonstrated confident growth, pulling altcoins along with it. The market's recovery is also fueled by positive news from the regulatory front. There are signs that some U.S. politicians are softening their stance on cryptocurrencies, aiming to create a more favorable environment for the development of blockchain technologies and to attract investment in the crypto industry. This, in turn, has bolstered investor confidence and stimulated capital inflows into cryptocurrency assets.

Meanwhile, Robert Kiyosaki has re-emerged, claiming that people who bought ETH at $4,000 will become just as wealthy as those who once purchased BTC at $4,000. His bold forecasts, as usual, have sparked a wave of discussion in the crypto community. Some enthusiastically embraced his words, viewing them as confirmation of Ethereum's potential, while others approached them with skepticism, recalling the market's high volatility and the unpredictability of technological development.

As for the intraday strategy in the cryptocurrency market, I will continue to act based on any significant pullbacks in Bitcoin and Ethereum, anticipating the continuation of the bull market in the medium term, which has not disappeared.

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

Bitcoin

Buy Scenario

• Scenario 1: I will buy Bitcoin today upon reaching the entry point around $115,900 with a target of rising to $116,900. I plan to exit long positions at $116,900 and sell immediately on a rebound. Before buying on the breakout, ensure that the 50-day moving average is below the current price, and the Awesome Oscillator is in the positive zone.
• Scenario 2: I can buy Bitcoin at the lower boundary at $115,200 if there is no market reaction to a breakdown back to $115,900 and $116,900.

Sell Scenario

• Scenario 1: I will sell Bitcoin today upon reaching the entry point around $115,200, targeting a drop to $114,200. I plan to exit short positions at $114,200 and buy immediately on a rebound. Before selling on the breakout, ensure that the 50-day moving average is above the current price, and the Awesome Oscillator is in the negative zone.
• Scenario 2: I can sell Bitcoin from the upper boundary at $115,900 if there is no market reaction to a breakout back to levels of $115,200 and $114,200.

Ethereum

Buy Scenario

• Scenario 1: I will buy Ethereum today upon reaching the entry point around $4,264 with a target of rising to $4,349. I plan to exit long positions at $4,349 and sell immediately on a rebound. Before buying on the breakout, ensure that the 50-day moving average is below the current price, and the Awesome Oscillator is in the positive zone.
• Scenario 2: I can buy Ethereum from the lower boundary at $4,216 if there is no market reaction to a breakdown back to levels of $4,264 and $4,349.

Sell Scenario

• Scenario 1: I will sell Ethereum today upon reaching the entry point around $4,216, targeting a drop to $4,139. I plan to exit short positions at $4,139 and buy immediately on a rebound. Before selling on the breakout, ensure that the 50-day moving average is above the current price, and the Awesome Oscillator is in the negative zone.
• Scenario 2: I can sell Ethereum at the upper boundary at $4,264 if there is no market reaction to a breakout back to $4,216 and $4,139.

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

Miroslaw Bawulski,
Analytical expert of InstaSpot
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