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31.07.2026 03:30 PM
Cryptocurrency Trading Recommendations – July 31 (U.S. Session)

Bitcoin has already slipped to the $64,000 level and shows no sign of stopping there today. Ethereum is trading at $1,880, below the psychological $1,900 level.

While the cryptocurrency market is trying to determine whether it is ready to continue moving higher, IBM has announced what it calls a demonstration of "trusted quantum advantage." The company stated that its quantum computer completed a computation that is beyond the reach of the best classical simulation methods while simultaneously providing statistical evidence confirming the accuracy of the result.

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The work, conducted in collaboration with researchers from the University of Chicago, marks another milestone in IBM's efforts to build fault-tolerant quantum computers. IBM Research Director Jay Gambetta described the achievement as the beginning of a new phase in the development of quantum technology:

"We are now firmly in the era of quantum advantage. This milestone provides scientists, developers, and businesses with a new foundation for trusting quantum computers as they scale to problems that go far beyond what can be achieved using classical methods."

According to the interview, the experiment executed 2,415 logical two-qubit operations and 468 logical T-gates, reducing the logical error rate to approximately one-tenth of the underlying physical error rate. The experiment also addressed the long-standing verification challenge that has characterized previous demonstrations of quantum advantage.

Despite its impressive technical significance, the experiment does not alter Bitcoin's short-term security outlook. However, it adds another building block to the growing body of research aimed at overcoming one of the principal challenges of quantum computing—reliable error correction as systems scale to larger sizes. As a result, it brings closer the point at which such systems could theoretically pose a threat to the cryptography underlying Bitcoin and other blockchain networks.

What is particularly noteworthy is that, alongside advances in the quantum computing industry, the defensive side of the cryptocurrency industry is also evolving. IBM's progress fits well into the broader context established by the launch of the Bitcoin Security Consortium, which brings together BlackRock, Coinbase, Strategy, Fidelity Digital Assets, and other major institutional Bitcoin holders. The consortium has explicitly identified preparation for a potential era of quantum computing as one of its key long-term funding priorities, emphasizing that large-scale quantum computers capable of compromising Bitcoin's cryptography do not yet exist and, according to leading expert assessments, remain years away. IBM's demonstration does not dramatically accelerate that timeline, but it confirms that both the quantum computing community and the cryptocurrency security community take the potential threat seriously and are working on solutions well in advance.

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

Bitcoin

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Buy Scenario

Scenario #1: I will buy Bitcoin today if the price reaches the entry point around $64,000, targeting a rise to $64,400. Around $64,400, I will close my long positions and immediately sell on a rebound. Before buying on the breakout, make sure that the 50-day Moving Average is below the current price and that the Awesome Oscillator is above the zero line.

Scenario #2: Bitcoin can also be bought from the lower boundary of $63,700 if there is no bearish reaction after a breakout below this level, targeting a recovery toward $64,000 and $64,400.

Sell Scenario

Scenario #1: I will sell Bitcoin today if the price reaches the entry point around $63,700, targeting a decline to $63,000. Around $63,000, I will close my short positions and immediately buy on a rebound. Before selling on the breakout, make sure that the 50-day Moving Average is above the current price and that the Awesome Oscillator is below the zero line.

Scenario #2: Bitcoin can also be sold from the upper boundary of $64,000 if there is no bullish reaction after a breakout above this level, targeting a move toward $63,700 and $63,000.

Ethereum

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Buy Scenario

Scenario #1: I will buy Ethereum today if the price reaches the entry point around $1,887, targeting a rise to $1,900. Around $1,900, I will close my long positions and immediately sell on a rebound. Before buying on the breakout, make sure that the 50-day Moving Average is below the current price and that the Awesome Oscillator is above the zero line.

Scenario #2: Ethereum can also be bought from the lower boundary of $1,876 if there is no bearish reaction after a breakout below this level, targeting a recovery toward $1,887 and $1,900.

Sell Scenario

Scenario #1: I will sell Ethereum today if the price reaches the entry point around $1,876, targeting a decline to $1,854. Around $1,854, I will close my short positions and immediately buy on a rebound. Before selling on the breakout, make sure that the 50-day Moving Average is above the current price and that the Awesome Oscillator is below the zero line.

Scenario #2: Ethereum can also be sold from the upper boundary of $1,887 if there is no bullish reaction after a breakout above this level, targeting a move toward $1,876 and $1,854.

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