Bitcoin and Ethereum are holding their ground ahead of a major event that could reshape the global trading landscape. Another failed attempt by Bitcoin to settle above the $85,500 level led to a sell-off, with the asset now trading around $84,000. Ethereum hasn't fared much better: after briefly climbing above $1,930 during yesterday's U.S. session, it has pulled back to around $1,859.

It's difficult to predict how the cryptocurrency market will react to today's news from the U.S., but it's safe to say that no good surprises are expected. President Donald Trump is set to announce the most extensive trade restrictions imposed by the U.S. in the past century—measures that could overturn the post-war global trade system in one move and introduce unpredictable economic risks.

If measures such as steep import tariffs and export restrictions are implemented, the consequences for the global economy could be severe. These actions could heighten volatility in the cryptocurrency market, where investor confidence plays a crucial role. As a result, Bitcoin and other altcoins may face selling pressure as participants move to protect their capital. In this new reality, alternative assets, including cryptocurrencies, may become less attractive.

This could severely impact risk assets, starting with the U.S. stock market, which, as you likely know, has recently shown a strong correlation with the crypto market. So, if equities tumble, expect an active sell-off in crypto.

For this reason, it's best to remain calm today and respond to developments cautiously, hoping that Trump's tariff policies will be less aggressive than previously suggested.

For the intraday strategy, I will continue to focus on major dips in Bitcoin and Ethereum, banking on the continuation of the medium-term bullish trend—which, for now, remains intact.

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

Bitcoin

Buy Scenario

Scenario 1: I will buy Bitcoin today if it reaches the entry point around $84,400, targeting a rise to $85,500. At $85,500, I plan to exit long positions and immediately sell on the pullback.

Before entering a breakout trade, ensure the 50-day moving average is below the current price and the Awesome Oscillator is in the positive zone.

Scenario 2: If there is no strong downside breakout, I will also buy Bitcoin from the lower boundary at $83,000, targeting a reversal back to $84,400 and $85,500.

Sell Scenario

Scenario 1: I plan to sell Bitcoin at $83,800, targeting a drop to $82,800. I will exit short positions at $82,800 and switch to long on a rebound. Before entering a breakout sell, ensure the 50-day moving average is above the current price and the Awesome Oscillator is in the negative zone.

Scenario 2: If there's no sustained breakout, I will also sell Bitcoin from the upper boundary at $84,400, targeting a pullback to $83,800 and $82,500.

Ethereum

Buy Scenario

Scenario 1: I will buy Ethereum at $1,870, targeting a rise to $1,909. I'll exit longs and sell on the pullback from this level. Before buying, confirm that the 50-day moving average is below the price and the Awesome Oscillator is in positive territory.

Scenario 2: I will also buy Ethereum from the lower boundary at $1,840 if there is no breakout to the downside, targeting a move back to $1,870 and $1,909.

Sell Scenario

Scenario 1: I will sell Ethereum at $1,840, aiming for a decline to $1,808. I'll close the shorts and switch to buying on a bounce from this area. Before selling, confirm that the 50-day moving average is above the price and the Awesome Oscillator is in the negative zone.

Scenario 2: If there is no breakout, I will also sell Ethereum from the upper boundary at $1,870, targeting a move to $1,840 and $1,808.