22.01.202515:42 Analisis Forex & Kajian: Trading Recommendations for the Cryptocurrency Market on January 22nd (U.S. Session)

Bitcoin experienced a slight correction during the first half of the day, but no suitable entry points materialized. Ethereum, on the other hand, performed well after breaking through the marked support level at $3311.

Meanwhile, metrics indicate that whales are actively purchasing DOGE. Recently, during Donald Trump's inauguration, Elon Musk promised to "send DOGE to Mars." Notably, the first thing that appeared on the new official website of the US Department of Government Efficiency (abbreviated as DOGE) was the Dogecoin logo. According to some experts, with Trump in power, Musk can officially pump DOGE as much as he wants. Musk's promise to make DOGE the currency for Mars has not only generated excitement but also sparked discussions among crypto enthusiasts and tech experts. Musk plans to integrate digital currencies into colonies on the Red Planet. Dogecoin is expected to be the primary currency for Martian residents, facilitating exchanges and creating an innovation-based economy. Musk highlights that next-generation currencies are critical for the future of interplanetary trade.

Meanwhile, bullish sentiment in Bitcoin options on the CME has reached its highest level since the US elections. Flows into Bitcoin spot ETFs have also risen significantly, indicating sustained interest in risk assets despite Trump's inauguration.

The shifts in Bitcoin options and spot ETF markets underscore growing optimism among investors, spurred by anticipated economic reforms and potential changes to cryptocurrency regulations. Amid political uncertainty, many investors are seeking ways to hedge their assets and profit from market volatility. Bitcoin, as the most prominent cryptocurrency, continues to attract attention as a hedge against inflation and potential economic downturns.

Regarding intraday trading strategies, I will continue to capitalize on major pullbacks in Bitcoin and Ethereum, expecting the continuation of the medium-term bullish trend. Below are short-term strategies and conditions for trading.

Bitcoin

Buy Scenarios

Scenario #1: Buy Bitcoin today at an entry point near $105,400, targeting a rise to $107,000. Around $107,000, exit purchases and sell immediately on a rebound. Before buying, ensure the 50-day moving average is below the current price and the Awesome Oscillator is in the positive zone.

Scenario #2: Buy Bitcoin from the lower boundary at $104,500 if there is no market reaction to its break, with targets at $105,400 and $107,020.

Sell Scenarios

Scenario #1: Sell Bitcoin today at an entry point near $104,500, targeting a drop to $103,000. Around $103,000, exit sales and buy immediately on a rebound. Before selling, ensure the 50-day moving average is above the current price and the Awesome Oscillator is in the negative zone.

Scenario #2: Sell Bitcoin from the upper boundary at $105,400 if there is no market reaction to its break, with targets at $104,400 and $103,000.

Ethereum

Buy Scenarios

Scenario #1: Buy Ethereum today at an entry point near $3311, targeting a rise to $3368. Around $3368, exit purchases and sell immediately on a rebound. Before buying, ensure the 50-day moving average is below the current price and the Awesome Oscillator is in the positive zone.

Scenario #2: Buy Ethereum from the lower boundary at $3283 if there is no market reaction to its break, with targets at $3311 and $3368.

Sell Scenarios

Scenario #1: Sell Ethereum today at an entry point near $3283, targeting a drop to $3229. Around $3229, exit sales and buy immediately on a rebound. Before selling, ensure the 50-day moving average is above the current price and the Awesome Oscillator is in the negative zone.

Scenario #2: Sell Ethereum from the upper boundary at $3311 if there is no market reaction to its break, with targets at $3283 and $3229.