Trading tips for crypto market on December 30 (North American session)

[Ben Graham]

Bitcoin has slightly regained ground, returning to the $88,000 area. Ethereum has also seen a modest increase, reaching $2,980. However, this does not yet indicate that the market is ready to continue its upward trend.

On the other hand, data showing that long-term holders have stopped selling Bitcoin for the first time since July 2025 is a different signal altogether. This may indicate that major players holding significant amounts of BTC have shifted their sentiment. They may view current levels as attractive for holding and accumulating rather than for taking profits. This factor, in turn, could support prices in the near term, preventing further declines.

However, it's important to remember that the behavior of long-term holders is just one of many factors affecting the dynamics of the cryptocurrency market. The macroeconomic environment, regulatory changes, and investors' overall risk appetite must also be considered. At the same time, a positive aspect is the growing interest of institutional investors in Bitcoin. As more large companies recognize the potential of cryptocurrencies and integrate them into their investment strategies, the demand for BTC may increase, which will support its price in the long term. Once we see a new influx of funds into spot ETFs, it will be an additional signal that the bearish cycle has ended.

Regarding intraday strategies in the cryptocurrency market, I will continue to act based on any significant pullbacks in Bitcoin and Ethereum, anticipating the continuation of the bullish market in the medium term, which remains intact.

Bitcoin

Buy scenario

Scenario #1: I will buy Bitcoin today if it reaches an entry point around $88,100, aiming for a rise to $88,800. Near $88,800, I will exit buy positions and sell immediately on the rebound. Before buying on the breakout, I need to ensure that the 50-day moving average is below the current price and that the Awesome indicator is in the zone above zero.

Scenario #2: I can buy Bitcoin from the lower border of $87,400 if there is no market reaction to its breakout backwards towards the levels of $88,100 and $88,800.

Sell scenario

Scenario #1: I will sell Bitcoin today if it reaches an entry point around $87,400, aiming for a decline to $86,400. Near $86,400, I will exit sell positions and buy immediately on the dip. Before selling on the breakout, I need to 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: I can sell Bitcoin from the upper border of $88,100 if there is no market reaction to its breakout backwards towards the levels of $87,400 and $86,400.

Ethereum

Buy scenario

Scenario #1: I will buy Ethereum today if it reaches an entry point around $2,987, aiming for a rise to $3,031. Near $3,031, I will exit long positions and sell immediately on the rebound. Before buying on the breakout, I need to ensure that the 50-day moving average is below the current price and that the Awesome indicator is in the zone above zero.

Scenario #2: I can buy Ethereum from the lower border of $2,965 if there is no market reaction to its breakout backwards towards the levels of $2,987 and $3,031.

Sell scenario

Scenario #1: I will sell Ethereum today if the price reaches an entry point around $2,965, aiming for a decline to $2,921. Near $2,921, I will exit short positions and buy immediately on the dip. Before selling on the breakout, I need to 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: I can sell Ethereum from the upper border of $2,987 if there is no market reaction to its breakout backwards towards the levels of $2,965 and $2,921.

The material has been provided by InstaForex Company - www.instaforex.com