If we examine the daily chart, Bitcoin has displayed a steady and strong uptrend for nine consecutive days, excluding October 4. The price rebounded from $109,000 to $126,200. Ethereum has also surged significantly and is approaching its all-time high.

One of the key drivers behind this rally is the prolonged U.S. government shutdown. The political stalemate has led to notable institutional inflows into crypto ETFs. Ongoing uncertainty over U.S. fiscal policy traditionally pushes large market players to seek alternative investment assets that can preserve and grow capital during periods of increased volatility. Crypto ETFs, offering regulated and convenient access to digital assets for institutional investors, have become a popular tool for portfolio diversification.

These institutional inflows into cryptocurrencies signal growing recognition of digital assets as a legitimate asset class and a more prominent role for them in the global financial system. Large hedge funds, pension funds, and other institutional investors, once cautious about cryptocurrencies, are now realizing the potential benefits of including them in their portfolios—especially amid low yields in traditional assets and rising inflation.

This trend creates a favorable environment for further growth in the crypto market and strengthens its position as an alternative investment platform.

Intraday Strategy for Crypto

My trading approach continues to rely on buying into significant pullbacks in Bitcoin and Ethereum. The medium-term bullish trend remains intact.

For short-term intraday strategies, see the setups below.

Bitcoin

Buy Scenarios

Scenario 1: I plan to buy Bitcoin today upon reaching the $124,800 entry point, aiming for a rise toward $125,600. At $125,600, I plan to exit long positions and sell immediately on the rebound.

Before entering a breakout trade, make sure the 50-day moving average is below the current price and that the Awesome Oscillator is in positive territory (above zero).

Scenario 2: Another option is to buy Bitcoin from the lower boundary at $124,000 if the market shows no reaction to breaking below this level. Targeting a return to $124,800 and $125,600.

Sell Scenarios

Scenario 1: I plan to sell Bitcoin today at an entry point around $124,000, targeting a drop toward $123,000. I will close short positions and consider buying on a rebound near $123,000.

Before selling on a breakout, make sure the 50-day moving average is above the current price and the Awesome Oscillator is in negative territory (below zero).

Scenario 2: A sell opportunity also exists at the upper boundary at $124,800, if the market fails to push above this level. In that case, I'll target a return to $124,000 and $123,000.

Ethereum

Buy Scenarios

Scenario 1: I plan to buy Ethereum (ETH) at the $4,708 entry point with a target of $4,789. I will exit my long position there and sell on the rebound.

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

Scenario 2: Another buying opportunity arises from the lower boundary at $4,662, provided there is no market reaction to a breakdown of this level. In this case, I'll target a return to $4,708 and $4,789.

Sell Scenarios

Scenario 1: I plan to sell Ethereum at $4,662, targeting a drop to $4,595. I will close short positions and consider buying near $4,595 on a rebound.

Before entering a breakout sell, make sure the 50-day moving average is above the current price and the Awesome Oscillator is below zero.

Scenario 2: A sell setup also applies at the $4,708 upper boundary if the market fails to break above it. If so, I'll look for a return toward $4,662 and $4,595.