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08.06.2026 06:17 AM
Trading Recommendations for the Cryptocurrency Market on June 8

Bitcoin and Ethereum have slightly retraced upward after Friday, which experienced a cascade of liquidations and a major sell-off in the cryptocurrency market over the past few months. Currently, Bitcoin is trading at $61,600, while Ethereum has bounced back to around $1,640.

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However, this is unlikely to be the end. Blockchain analytics data from Arkham Intelligence has recorded a troubling movement: over the past week, Fidelity's storage, which holds part of the Bitcoin reserves of Strategy, has decreased by approximately 15,000 coins. This is not a minor technical movement — 15,000 BTC at current prices is worth over $1 billion. Where exactly the coins have gone remains unknown, but in light of recent events, the market interprets this as a clear signal: Strategy is preparing for another sale.

Remember that the company sold 32 Bitcoins at the end of May — its first sale in three and a half years — and documented this in an official SEC filing. At that time, it appeared symbolic. Now the disappearance of 15,000 coins from storage sounds entirely different.

It is evident that everyone is waiting for Monday. If Saylor announces the sale of Bitcoins to service debt obligations, it will provide the company with some temporary relief — but at the same time, confirm what skeptics have long warned: the Strategy model is operating at its limit.

The worst part is that any announcement of a sale will occur at a time when the market is at its most vulnerable, with Bitcoin ETFs seeing outflows and the number of buyers decreasing.

As for short-term trading, the strategy and conditions are described below.

Bitcoin

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Buy Scenario

Scenario 1: I plan to buy Bitcoin today at around $63,400, targeting a rise to $65,800. Around $65,800, I intend to exit the buy positions and immediately sell on a bounce. Before buying on the breakout, ensure that the 50-day moving average is below the current price and the Awesome indicator is in the zone above zero.Scenario 2: Bitcoin can be bought from the lower boundary of $62,300 if there is no market reaction to its breakout back to the levels of $63,400 and $65,800.

Sell Scenario

Scenario 1: I plan to sell Bitcoin today when the entry point reaches around $62,300, targeting a drop to $60,000. Around $60,000, I intend to exit the sell positions and immediately buy on a bounce. Before selling on the breakout, ensure that the 50-day moving average is above the current price and the Awesome indicator is in the zone below zero.

Scenario 2: Bitcoin can be sold from the upper boundary of $63,400 if there is no market reaction to its breakout back to the levels of $62,200 and $60,000.

Ethereum

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Buy Scenario

Scenario 1: I plan to buy Ethereum today at around $1,688, targeting a rise to $1,793. Around $1,793, I intend to exit the buy positions and immediately sell on a bounce. Before buying on the breakout, ensure that the 50-day moving average is below the current price and the Awesome indicator is in the zone above zero.

Scenario 2: Ethereum can be bought from the lower boundary of $1,650 if there is no market reaction to its breakout back to the levels of $1,688 and $1,793.

Sell Scenario

Scenario 1: I plan to sell Ethereum today when the entry point reaches around $1,650, targeting a drop to $1,518. Around $1,518, I intend to exit the sell positions and immediately buy on a bounce. Before selling on the breakout, ensure that the 50-day moving average is above the current price and the Awesome indicator is in the zone below zero.

Scenario 2: Ethereum can be sold from the upper boundary of $1,688 if there is no market reaction to its breakout back to the levels of $1,650 and $1,518.

Miroslaw Bawulski,
Especialista em análise na InstaForex
© 2007-2026
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