Bitcoin buyers continue to face challenges. After the asset failed to return to the $90,000 mark once again, the pressure has only intensified. Trading around $87,000 opens up good prospects for further declines toward $85,000 and even $83,000 by the end of the year. It seems that the much-anticipated Santa Claus rally before the New Year will not happen.

Meanwhile, according to data from CryptoQuant, whales have stopped selling Bitcoin. This indicates that selling pressure has nearly disappeared. Large players actively locked in profits during BTC's decline from $124,000 to $84,000, but the market has now entered a phase of stabilization. However, this stabilization does not mean an immediate resumption of the rally. Instead, it is a consolidation period in which the market is seeking new drivers for further growth. It may require the emergence of new institutional investors or groundbreaking technological solutions in the blockchain sector to restore confidence in Bitcoin's long-term potential.

It is also important to consider the macroeconomic context and not forget about regulatory factors. All critical issues have been pushed to next year, with mid-January as the timeframe for resolution, so it is unlikely that anything positive will emerge from the market before then.

Regarding the intra-day strategy in the cryptocurrency market, I will continue to focus on any significant dips in Bitcoin and Ethereum, anticipating the continued development of the long-term bullish market, which hasn't gone anywhere.

The strategy and conditions for short-term trading are described below.

Bitcoin

Buy Scenario

• Scenario #1: I will buy Bitcoin today if it reaches the entry point around $87,300, targeting growth to the level of $88,400. At $88,400, I plan to exit my purchases and sell immediately on a bounce. Before buying on the breakout, ensure that the 50-day moving average is below the current price and the Awesome Oscillator is above zero.
• Scenario #2: I can buy Bitcoin from the lower boundary of $86,700 if there is no market reaction to its breakout back towards levels $87,300 and $88,400.

Sell Scenario

• Scenario #1: I will sell Bitcoin today if it reaches the entry point around $86,700, targeting a decline to $85,900. At $85,900, I plan to exit my sales and buy immediately on a bounce. Before selling on the breakout, ensure that the 50-day moving average is above the current price and the Awesome Oscillator is below zero.
• Scenario #2: I can sell Bitcoin from the upper boundary of $87,300 if there is no market reaction to its breakout back towards levels $86,700 and $85,900.

Ethereum

Buy Scenario

• Scenario #1: I will buy Ethereum today if it reaches the entry point around $2,940, targeting growth to the level of $2,969. At $2,969, I plan to exit my purchases and sell immediately on a bounce. Before buying on the breakout, ensure that the 50-day moving average is below the current price and the Awesome Oscillator is above zero.
• Scenario #2: I can buy Ethereum from the lower boundary of $2,919 if there is no market reaction to its breakout back towards levels $2,940 and $2,969.

Sell Scenario

• Scenario #1: I will sell Ethereum today if it reaches the entry point around $2,919, targeting a decline to $2,890. At $2,890, I plan to exit my sales and buy immediately on a bounce. Before selling on the breakout, ensure that the 50-day moving average is above the current price and the Awesome Oscillator is below zero.
• Scenario #2: I can sell Ethereum from the upper boundary of $2,940 if there is no market reaction to its breakout back towards levels $2,919 and $2,890.