empty
 
 
31.03.2025 11:02 AM
Trading Recommendations for the Cryptocurrency Market on March 31

Bitcoin and Ethereum resumed their decline over the past weekend. There was no significant growth last week either, suggesting a continued correction in the crypto market. Ethereum was hit particularly hard. Another failed attempt by Bitcoin to hold above the $82,600 level triggered a sell-off during Monday's Asian session. Ethereum fared even worse—after several unsuccessful attempts to break above $1,818, pressure on the asset returned. It is now trading at around $1,800.

This image is no longer relevant

Last week, capital inflows into spot BTC ETFs slowed significantly. Spot ETH ETFs, on the other hand, continued to experience outflows. Investors are exercising caution and reassessing their positions amid macroeconomic uncertainty and expectations surrounding the future monetary policy of the U.S. Federal Reserve.

Net inflow into spot BTC ETFs amounted to +$196.4 million, down from +$744.3 million the previous week. Net outflows from spot ETH ETFs totaled –$8.7 million, compared to –$102.9 million the week prior.

This risk aversion is also driven by increased volatility in the crypto market following a failed technical attempt to re-enter a bull market. Some analysts suggest a further correction may occur after Bitcoin's unsuccessful rapid rally, discouraging new investments in ETFs.

Despite this, long-term prospects for cryptocurrency assets remain positive. As the crypto industry evolves and new technological solutions are adopted, interest from institutional and retail investors in spot ETFs is expected to return, driving capital inflows and price support.

As for intraday strategy, I will continue to act based on significant dips in Bitcoin and Ethereum, expecting the medium-term bullish trend—still intact—to continue developing.

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

This image is no longer relevant

Bitcoin

Buy Scenario

Scenario #1: I plan to buy Bitcoin today at the $82,600 entry point with a target of $84,100. Around $84,100, I will exit long positions and open a short trade on a pullback. Before entering a breakout buy, ensure that the 50-day moving average is below the current price and that the Awesome Oscillator is in positive territory.

Scenario #2: Buy Bitcoin from the lower boundary at $81,600 if there is no market reaction to a breakout below that level, with a reversal back toward $82,600 and $84,100.

Sell Scenario

Scenario #1: I plan to sell Bitcoin today at the $81,600 entry point with a target of $80,300. Around $80,300, I will exit short positions and open a long position on a bounce. Before entering a breakout sell, ensure the 50-day moving average is above the current price and that the Awesome Oscillator is in negative territory.

Scenario #2: Sell Bitcoin from the upper boundary at $82,600 if there is no market reaction to a breakout, with a reversal back toward $81,600 and $80,300.

This image is no longer relevant

Ethereum

Buy Scenario

Scenario #1: I plan to buy Ethereum today at the $1,818 entry point with a target of $1,872. Around $1,872, I will exit long positions and sell on a pullback. Before entering a breakout buy, ensure that the 50-day moving average is below the current price and that the Awesome Oscillator is in positive territory.

Scenario #2: Buy Ethereum from the lower boundary at $1,790 if there is no market reaction to a breakout, with a reversal back toward $1,818 and $1,872.

Sell Scenario

Scenario #1: I plan to sell Ethereum today at the $1,790 entry point with a target of $1,737. Around $1,737, I will exit short positions and open a long position on a bounce. Before entering a breakout sell, ensure the 50-day moving average is above the current price and that the Awesome Oscillator is in negative territory.

Scenario #2: Sell Ethereum from the upper boundary at $1,818 if there is no market reaction to a breakout, with a reversal back toward $1,790 and $1,737.

Bitcoin
Summary
Strong buy
Urgency
1 day
Analytic
Maxim Magdalinin
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Abril, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback