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12.05.2026 08:48 AM
Trading Recommendations for the Cryptocurrency Market on May 12

Bitcoin continues to try to rise above $82,000, but each time it faces certain challenges. Ethereum has already returned to around $2,300, which may lead to a larger sell-off in the near future.

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Meanwhile, there is a lot of noise surrounding the CLARITY Act, with a vote scheduled this Thursday in the Senate Banking Committee. Yesterday, the CEO of the American Bankers Association, Rob Nichols, sent an urgent letter to all heads of banks in the US, warning about the potential consequences of the CLARITY Act. According to the ABA, its current version poses serious threats to the country's financial system.

Nichols called for active opposition to the bill in its current form. The main concern for the ABA is the provision allowing crypto companies to pay interest on stablecoin accounts, which is only permissible if the holder is an active user conducting multiple transactions. Previously, the discussion focused on holding stablecoins and paying interest on them; it was later revised to include their use, but this still did not satisfy banks. Bankers believe that this operates similarly to bank deposits but without the appropriate level of regulation and oversight. They contend that this creates an uneven playing field and could provoke a mass outflow of capital from traditional banking institutions to the cryptocurrency sector.

As for the intraday strategy in the cryptocurrency market, I will continue to act based on any significant pullbacks in Bitcoin and Ethereum with the expectation of the continued development of the bullish market in the long term, which has not gone away.

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 an entry price around $81,300, targeting a move to $81,800. At around $81,800, I will exit the buy trades and immediately sell on the bounce. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome indicator is in the positive zone.

Scenario #2: I can buy Bitcoin from the lower boundary of $80,900 if there is no market reaction to its breakout back towards $81,300 and $81,800.

Sell Scenario

Scenario #1: I plan to sell Bitcoin today upon reaching an entry price around $80,900, targeting a drop to $80,000. At around $80,000, I will exit the sell trades and immediately buy on the bounce. Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome indicator is in the negative zone.

Scenario #2: I can sell Bitcoin from the upper boundary of $81,300 if there is no market reaction to its breakout back towards $80,900 and $80,000.

Ethereum

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Buy Scenario

Scenario #1: I plan to buy Ethereum today at an entry price around $2,318, targeting a move to $2,339. At around $2,339, I will exit the buy trades and immediately sell on the bounce. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome indicator is in the positive zone.

Scenario #2: I can buy Ethereum from the lower boundary of $2,307 if there is no market reaction to its breakout back towards $2,318 and $2,339.

Sell Scenario

Scenario #1: I plan to sell Ethereum today upon reaching an entry price around $2,307, targeting a drop to $2,281. At around $2,281, I will exit the sell trades and immediately buy on the bounce. Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome indicator is in the negative zone.

Scenario #2: I can sell Ethereum from the upper boundary of $2,318 if there is no market reaction to its breakout back towards $2,307 and $2,281.

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