Today, Bitcoin has reached another monthly high, rising to $80,500, while Ethereum has climbed to $2,397.

Bitcoin, the flagship of digital assets, has shown significant growth amid rumors of a compromise between representatives of the banking sector and the crypto industry. The discussion revolved around the CLARITY bill regarding the yield of stablecoins.

Although the details of the bill have not been fully disclosed, it has become known that banks have succeeded in introducing several restrictions. However, these restrictions do not eliminate the possibility of earning income from holding stablecoins. A key change is the reorientation of the income generation mechanism.

Previously, it was assumed that holders of stablecoins could earn passive income just by holding the asset. Now, according to the agreements reached, income will only be accrued on the condition of actual use of stablecoins. This means that investments will only pay off if actively used in transactions, such as payments or transfers.

This approach is aimed at stimulating the real application of stablecoins in the economy, pushing speculative aspects into the background. On one hand, banks receive guarantees of control and the prevention of potential risks associated with the issuance and circulation of stablecoins. On the other hand, the crypto industry remains able to develop and integrate stablecoins into existing financial systems.

This news will undoubtedly continue to influence the dynamics of Bitcoin and the entire cryptocurrency market in the near future.

As for the intraday strategy in the cryptocurrency market, I will continue to rely on significant pullbacks in Bitcoin and Ethereum in anticipation of the continued development of a long-term bullish market, which has not gone away.

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

Bitcoin

Buy Scenario

Scenario #1: I plan to buy Bitcoin today upon reaching the entry point around $80,140, with a target increase to $81,100. At around $81,100, I intend to exit my purchases and sell immediately on the 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 #2: Bitcoin can also be bought from the lower boundary of $79,600 if there is no market reaction to a breakout in the opposite direction back to the levels of $80,100 and $81,100.

Sell Scenario

Scenario #1: I plan to sell Bitcoin today upon reaching the entry point around $79,600, with a target decline to $78,500. At around $78,500, I intend to exit my sales and buy immediately on the 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 #2: Bitcoin can be sold from the upper boundary of $80,100 if there is no market reaction to a breakout in the opposite direction back to the levels of $79,600 and $78,500.

Ethereum

Buy Scenario

Scenario #1: I plan to buy Ethereum today upon reaching the entry point around $2,380, with a target increase to $2,402. At around $2,402, I intend to exit my purchases and sell immediately on the 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 #2: Ethereum can also be bought from the lower boundary of $2,360 if there is no market reaction to a breakout in the opposite direction back to the levels of $2,380 and $2,402.

Sell Scenario

Scenario #1: I plan to sell Ethereum today upon reaching the entry point around $2,360, with a target decline to $2,330. At around $2,330, I intend to exit my sales and buy immediately on the 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 #2: Ethereum can be sold from the upper boundary of $2,380 if there is no market reaction to a breakout in the opposite direction back to the levels of $2,360 and $2,330.