Bitcoin has failed to hold above $92,000 and has retraced to below $90,000. Ethereum is also facing some challenges in sustaining its upward momentum. However, looking at the technical picture over the past few weeks, the odds are still in favor of buyers, and the chances of a new wave of growth after the Federal Reserve meeting are quite high.

In a recent report by Glassnode, the Trend Score indicator suggests strong buying of BTC among nearly all types of investors, from whales to smaller retail traders. This is often observed before a market reversal, although not always. Additionally, a recent Santiment report noted that after heavy selling in November, whales have finally started aggressively buying BTC.

These data certainly instill optimism in the hearts of crypto investors who are tired of the narratives surrounding the cryptocurrency winter. However, it is essential to remain calm and not succumb to euphoria. The history of the crypto market is full of sudden reversals and deceptive bullish traps.

The combination of signals from Glassnode and Santiment deserves attention. The fact that large players, or whales, are actively accumulating BTC again may indicate that they see potential for further growth. Moreover, the involvement of a wide range of investors, from large to small, highlights increasing interest in cryptocurrency as a whole.

As for intraday trading strategies in the cryptocurrency market, I will continue to rely on significant pullbacks in Bitcoin and Ethereum in anticipation of further bullish market development, which remains intact.

Bitcoin

Buy Scenario

• Scenario 1: I will buy Bitcoin today if it reaches the entry point around $90,300, targeting a rise to $92,000. Near $92,000, I will exit my buy positions and sell immediately on the rebound. Before buying on a breakout, ensure that the 50-day moving average is below the current price and that the Awesome Oscillator is above zero.
• Scenario 2: I can buy Bitcoin at the lower boundary at $89,300 if there is no market reaction to its breakout back toward $90,300 and $92,000.

Sell Scenario

• Scenario 1: I will sell Bitcoin today if it reaches the entry point around $89,300, targeting a drop to $88,000. Near $88,000, I will exit my sell positions and buy immediately on the rebound. Before selling on a breakout, ensure that the 50-day moving average is above the current price and that the Awesome Oscillator is below zero.
• Scenario 2: I can sell Bitcoin from the upper boundary at $90,300 if there is no market reaction to its breakout back toward $89,300 and $88,000.

Ethereum

Buy Scenario

• Scenario 1: I will buy Ethereum today if it reaches the entry point around $3,120, targeting a rise to $3,182. Near $3,182, I will exit my buy positions and sell immediately on the rebound. Before buying on a breakout, ensure that the 50-day moving average is below the current price and that the Awesome Oscillator is above zero.
• Scenario 2: I can buy Ethereum at the lower boundary at $3,087 if there is no market reaction to its breakout back toward $3,120 and $3,182.

Sell Scenario

• Scenario 1: I will sell Ethereum today if it reaches the entry point around $3,087, targeting a drop to $3,042. Near $3,042, I will exit my sell positions and buy immediately on the rebound. Before selling on a breakout, ensure that the 50-day moving average is above the current price and that the Awesome Oscillator is below zero.
• Scenario 2: I can sell Ethereum from the upper boundary at $3,120 if there is no market reaction on its breakout back toward levels of $3,087 and $3,042.