empty
 
 
sp
Soporte
Apertura instantánea de la cuenta
Plataforma comercial
Depositar/Retirar

29.05.202609:15 Forex Analysis & Reviews: Recommendations for Trading on the Cryptocurrency Market on May 29

Relevancia 02:00 UTC--4

Bitcoin held above $72,500 yesterday, pulling back today to around $74,000. Ethereum has also recovered, trading above $2,000; however, this does not change the bearish market observed in recent weeks.

Exchange Rates 29.05.2026 analysis

Meanwhile, yesterday, US Treasury Secretary Scott Bessent put an end to the discussion about the digital dollar at a White House briefing, stating that CBDCs are off the agenda. According to Bessent, a central bank digital currency would be the first step towards tracking citizens' transactions—and this is why the Trump administration categorically rejects the idea. This stance is not new: back in January 2025, during hearings for his nomination, Bessent stated that he sees no reason to create an American CBDC, adding that such a tool is only needed by countries without other investment alternatives. Republican lawmakers have long shared this position, citing the risks of government surveillance over financial transactions.

Instead of a CBDC, Washington is betting on private digital assets and stablecoins. Bessent called on Congress to expedite the passage of the CLARITY Act, directly addressing both chambers: "So I would urge the House of Representatives and the Senate to finalize the development of Clarity." The GENIUS Act bill on stablecoins has already received bipartisan support—the Secretary called this an important precedent. Trump, in turn, wrote on Truth Social that his administration is codifying a market structure for digital assets that is resilient to future challenges, which cannot be destroyed by crypto-haters.

As for the intraday strategy in the cryptocurrency market, the strategy and conditions are described below.

Bitcoin

Exchange Rates 29.05.2026 analysis

Buying Scenario

Scenario No. 1: I will buy Bitcoin today when the entry point reaches around $73,900, targeting a move to $74,500. At around $74,500, I will exit my buy trades and sell immediately to take a pullback. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome indicator is above zero.

Scenario No. 2: Bitcoin can be bought at the lower boundary of $73,500 if there is no market reaction to its breakout in the opposite direction of levels at $73,900 and $74,500.

Selling Scenario

Scenario No. 1: I will sell Bitcoin today when the entry point reaches around $73,500, targeting a drop to $72,800. Around $72,800, I will exit my sell trades and buy immediately for a pullback. Before selling on a breakout, ensure that the 50-day moving average is above the current price and that the Awesome indicator is in the zone below zero.

Scenario No. 2: Bitcoin can be sold from the upper boundary of $73,900 if there is no market reaction to its breakout in the opposite direction to levels of $73,400 and $72,800.

Ethereum

Exchange Rates 29.05.2026 analysis

Buying Scenario

Scenario No. 1: I will buy Ethereum today when the entry point reaches around $2,017, targeting a move to $2,046. At around $2,046, I will exit my buy trades and sell immediately to take profits on a pullback. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome indicator is above zero.

Scenario No. 2: Ethereum can be bought at the lower boundary of $2,002 if there is no market reaction to its breakout in the opposite direction of levels at $2,017 and $2,046.

Selling Scenario

Scenario No. 1: I will sell Ethereum today when the entry point reaches around $2,002, targeting a drop to $1,973. Around $1,973, I will exit my sell trades and buy immediately for a pullback. Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome indicator is in the zone below zero.

Scenario No. 2: Ethereum can be sold from the upper boundary at $2,017 if there is no market reaction to its breakout in the opposite direction from levels at $2,002 and $1,973.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Miroslaw Bawulski,
Analytical expert of InstaSpot
© 2007-2026
Benefíciese de las recomendaciones de los analistas ahora mismo
Recargue su cuenta de operaciones
Abra una cuenta de operaciones

¡Los informes analíticos de InstaSpot lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaSpot, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.

Gane de los tipos de cambio de las criptomonedas con InstaSpot
Descargue el MetaTrader 4 y abra su primera operación
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.