Bitcoin dropped from $108,700 to $106,000, while Ethereum fell from a high of $2,676 to $2,525 before slightly recovering.

While crypto traders anticipate a sustained bullish trend and a potential retest of all-time highs, recent disclosures show that Donald Trump earned $57.35 million in 2024 from selling World Liberty Financial (WLFI) tokens.

According to filings, Trump holds 15.75 billion WLFI governance tokens, potentially granting voting power to the honorary co-founder and high-profile crypto advocate. Trump's sons also serve as co-founders of the DeFi project, although they do not hold executive positions.

World Liberty's most recent WLFI token sale concluded in March, raising $550 million from 25% of the total 100 billion token supply. The project has recently focused on launching its USD-backed stablecoin and distributed USD1 tokens to WLFI holders earlier this month.

However, Trump's deep ties with World Liberty have drawn criticism from Democratic senators, who raised concerns about a potential conflict of interest. They warned that business dealings continuing after Trump's return to office may allow personal financial interests to influence U.S. foreign policy. Significant attention has been focused on the company's operations in strategic regions, which could be perceived as attempts to leverage presidential power for commercial gain. The company's investments in politically unstable countries—where U.S. support has been crucial—have also come under scrutiny.

Nevertheless, the U.S. president's involvement in crypto is seen as beneficial for the industry, potentially supporting long-term market growth.

I will continue to rely on buying significant Bitcoin and Ethereum dips, expecting the bullish market structure to persist in the medium term.

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

Bitcoin

Buy Scenario

Scenario #1: Buy Bitcoin today at $107,400, targeting a rise to $108,700. Exit at $108,700 and sell on the pullback.

Conditions: The 50-day moving average must be below the current price, and the Awesome Oscillator must be above zero.

Scenario #2: If there is no market reaction to its downward breakout, buy from the lower boundary at $106,600, targeting $107,400 and $108,700.

Sell Scenario

Scenario #1: Sell Bitcoin at $106,600, targeting a drop to $105,600. Exit at $105,600 and buy on the bounce.

Conditions: The 50-day moving average must be above the current price, and the Awesome Oscillator must be below zero.

Scenario #2: If there is no market reaction to its breakout, sell from the upper boundary at $107,400, targeting $106,600 and $105,600.

Ethereum

Buy Scenario

Scenario #1: Buy Ethereum at $2,602, targeting a rise to $2,667. Exit at $2,667 and sell on the bounce.

Conditions: The 50-day moving average must be below the current price, and the Awesome Oscillator must be above zero.

Scenario #2: If there is no market reaction to its breakout, buy from the lower boundary at $2,571, targeting $2,602 and $2,667.

Sell Scenario

Scenario #1: Sell Ethereum at $2,571, targeting a drop to $2,498. Exit at $2,498 and buy on the bounce.

Conditions: The 50-day moving average must be above the current price, and the Awesome Oscillator must be below zero.

Scenario #2: Sell from the upper boundary at $2,602 if there is no market reaction to its breakout, targeting $2,571 and $2,498.