Bitcoin has paused its growth, failing to consolidate above $72,000. Ethereum has also come under pressure, returning to the $2,170 mark.

The euphoria regarding a swift resolution to peace between the U.S. and Iran has significantly diminished, although a mass sell-off in the cryptocurrency market has yet to occur. Most of yesterday's Asian growth remains under buyers' control, so the chances of continued strengthening in Bitcoin and Ethereum remain.

Meanwhile, Circle, the issuer of the USDC stablecoin and an innovator in digital currencies, has taken another significant step toward integrating cryptocurrencies into the global financial system with the launch of its new platform, CPN Managed Payments. This solution is specifically designed to enable banks and payment services to settle transactions using the USDC stablecoin while fully relieving them of the need to hold crypto assets. All the complex infrastructure necessary for working with digital currencies, as well as the responsibility for ensuring regulatory compliance, remains under Circle's management.

The launch of CPN Managed Payments marks an important milestone in simplifying the adoption of stablecoins into traditional payment chains. By creating a transparent and secure environment, Circle aims to substantially lower entry barriers for institutional players. This is a significant step forward against its competitor, Tether, the issuer of USDT. The new solution not only opens the doors for broader use of stablecoins in cross-border payments, business transactions, and other trades but also enhances efficiency and reduces costs.

Regarding the intraday strategy for the cryptocurrency market, I will continue to rely on significant pullbacks in Bitcoin and Ethereum, anticipating the continuation of the long-term bullish market.

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

Bitcoin

Buy Scenario

Scenario #1: I plan to buy Bitcoin today upon reaching an entry point around $71,100 with a target for growth to $72,000. At $72,000, I plan to exit the buys and sell immediately on the rebound. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome indicator is above zero.

Scenario #2: I can buy Bitcoin at the lower boundary of $70,600 if there is no market reaction to its breakout back to $71,100 and $72,000.

Sell Scenario

Scenario #1: I plan to sell Bitcoin today upon reaching an entry point around $70,600 with a target for the drop to $69,600. At $69,600, I plan to exit the sales and buy immediately on the rebound. 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 #2: I can sell Bitcoin at the upper boundary of $71,100 if there is no market reaction to its breakout back to $70,600 and $69,600.

Ethereum

Buy Scenario

Scenario #1: I plan to buy Ethereum today upon reaching an entry point around $2,189 with a target for growth to $2,215. At $2,215, I plan to exit the buys and sell immediately on the rebound. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome indicator is above zero.

Scenario #2: I can buy Ethereum at the lower boundary of $2,168 if there is no market reaction to its breakout back to $2,189 and $2,215.

Sell Scenario

Scenario #1: I plan to sell Ethereum today upon reaching an entry point around $2,168 with a target for the drop to $2,143. At $2,143, I plan to exit the sales and buy immediately on the rebound. 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 #2: I can sell Ethereum at the upper boundary of $2,189 if there is no market reaction to its breakout back to $2,168 and $2,143.