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16.07.2025 09:51 AM
Trading Recommendations for the Cryptocurrency Market on July 16

Yesterday, Bitcoin experienced a modest correction but overall remained above the $117,000 mark, clearly indicating that its bullish prospects remain intact — it just needs a catalyst. Ethereum climbed back above the $3,000 level and maintains strong growth potential.

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As for those triggers, the observed demand shock — fueled by massive multi-billion-dollar inflows into spot ETFs — could soon push BTC toward $ 140,000–$ 150,000. A demand shock occurs when corporate clients and ETF hedge funds buy Bitcoin far more and faster than miners can supply it. Considering that few want to sell (with long-term holders reportedly withdrawing their coins from exchanges), a supply-demand imbalance arises, resulting in sharp price moves toward new all-time highs.

However, it's important not to forget the inherent volatility of cryptocurrencies. Corrections are inevitable, and even amid an overall uptrend, short-term but sharp declines are possible. Traders should be prepared for such fluctuations and stick to a long-term investment strategy, avoiding panic at the first signs of a pullback.

Furthermore, regulatory risks remain relevant. This week, uncertainty over the legal status of cryptocurrencies may ease significantly if the U.S. passes a series of bills related to stablecoins and digital asset regulation.

Regarding the intraday crypto trading strategy, I will continue to focus on any major dips in Bitcoin and Ethereum, expecting the medium-term bull market to persist.

Below are the conditions for short-term trading:

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Bitcoin

Buy Scenario

Scenario #1: I plan to buy Bitcoin today around 118,200, targeting growth toward 119,500. Around 119,500, I will close long positions and sell on the bounce. Before buying on a breakout, make sure the 50-day moving average is below the current price and the Awesome Oscillator is in positive territory.

Scenario #2: Buying is also possible from the lower boundary of 117,400, provided there is no market reaction to a breakout, with targets at 118,200 and 119,500.

Sell Scenario

Scenario #1: I will sell Bitcoin today at the 117,400 entry point, aiming for a drop to 116,000. Around 116,000, I will close short positions and buy on the bounce. Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome Oscillator is in negative territory.

Scenario #2: Selling is also possible from the upper boundary of 118,200 if there is no market reaction to a breakout, with targets at 117,400 and 116,000.

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Ethereum

Buy Scenario

Scenario #1: I plan to buy Ethereum today around 3,160, aiming for growth toward 3,253. Around 3,253, I will close long positions and sell on the bounce. Before buying on a breakout, make sure the 50-day moving average is below the current price and the Awesome Oscillator is in positive territory.

Scenario #2: Buying is also possible from the lower boundary of 3,110, provided there is no market reaction to a breakout, with targets at 3,160 and 3,253.

Sell Scenario

Scenario #1: I will sell Ethereum today at the 3,110 entry point, aiming for a drop to 3,048. Around 3,048, I will close short positions and buy on the bounce. Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome Oscillator is in negative territory.

Scenario #2: Selling is also possible from the upper boundary of 3,160 if there is no market reaction to a breakout, with targets at 3,110 and 3,048.

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2025
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