Bitcoin and Ethereum continue to attract strong buying interest on every significant decline, indicating sustained investor demand for these assets. Additionally, frequent mentions of digital assets in interviews with U.S. politicians help maintain optimism for further market growth in the near term.Yesterday, Senator Cynthia Lummis shared her plan for a strategic Bitcoin reserve. She proposed purchasing 200,000 BTC annually for the next five years and holding the cryptocurrency for at least 20 years without selling. According to Lummis, this strategy could cut the U.S. national debt in half over the next two decades. Recently, the pro-crypto senator has also encouraged individuals to invest in Bitcoin for their retirement savings.

Lummis argues that Bitcoin's unique qualities make it a reliable asset. She emphasized that BTC is less susceptible to inflation than traditional currencies, and its fixed supply makes it an ideal store of value during economic instability. She believes that integrating Bitcoin into the government's financial strategy could strengthen U.S. economic resilience and increase public trust in the traditional financial system.

Yesterday, an unofficial list of U.S.-created tokens that could be included in the U.S. crypto reserve was published. Besides XRP, the list includes Solana (SOL), Chainlink (LINK), Decentraland (MANA), Avalanche (AVAX), and other top altcoins.

Confirming this trend, Morgan Creek Capital Management's CEO recently stated that discussions are underway about including not only BTC in the U.S. crypto reserve but also XRP, ADA, HBAR, and other cryptocurrencies. Additionally, media reports suggest that Eric Trump has confirmed that the U.S. government plans to offer tax incentives for U.S.-based crypto projects.

On January 23, Donald Trump signed an executive order to establish a multi-cryptocurrency reserve in the U.S. and form a task force on the matter. This landmark move signals a shift in the financial landscape, demonstrating the government's adaptation to the rise of digital assets and their impact on traditional finance.

For intraday trading, I will continue to focus on buying major declines in Bitcoin and Ethereum, expecting the bullish market trend to persist in the medium term.

For short-term trading, see the strategies outlined below.

Bitcoin Trading Scenarios

Buy Scenario

Scenario #1: Buy Bitcoin at $102,900, targeting $104,500. Exit the trade at $104,500 and sell immediately on a pullback. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome Oscillator is above zero.

Scenario #2: Buy Bitcoin at $101,800 if the market does not react to a downside breakout. Target $102,900 and $104,500.

Sell Scenario

Scenario #1: Sell Bitcoin at $101,800, targeting $99,900. Exit the trade at $99,900 and buy immediately on a pullback. Before selling on a breakout, confirm that the 50-day moving average is above the current price and the Awesome Oscillator is below zero.

Scenario #2: Sell Bitcoin at $102,900 if the market does not react to an upside breakout. Target $101,800 and $99,900.

Ethereum Trading Scenarios

Buy Scenario

Scenario #1: Buy Ethereum at $3,156, targeting $3,244. Exit the trade at $3,244 and sell immediately on a pullback. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome Oscillator is above zero.

Scenario #2: Buy Ethereum at $3,110 if the market does not react to a downside breakout. Target $3,156 and $3,244.

Sell Scenario

Scenario #1: Sell Ethereum at $3,110, targeting $3,041. Exit the trade at $3,041 and buy immediately on a pullback. Before selling on a breakout, confirm that the 50-day moving average is above the current price and the Awesome Oscillator is below zero.

Scenario #2: Sell Ethereum at $3,156 if the market does not react to an upside breakout. Target $3,110 and $3,041.