Focus on the cryptocurrency market dynamics on September 10: Bitcoin's double bottom signal and Ethereum's weak oscillation pattern, key support and trend outlook under the tug-of-war between bulls and bears!

CN
6 hours ago

Good morning, crypto friends! Today is Wednesday, September 10, 2025, I am Wang Yibo. In the rapidly changing cryptocurrency market, timely tracking of hot topics and grasping market dynamics is key to seizing investment opportunities. Below is today's cryptocurrency market analysis.

【Macroeconomic Background】

Last night, U.S. employment data was significantly revised down, with 910,000 jobs evaporating overnight. This sharp change in data triggered a strong reaction in the financial markets. The U.S. Treasury Secretary and the White House used this to pressure the Federal Reserve, strongly urging an immediate interest rate cut. Meanwhile, Israel launched airstrikes on Qatar, escalating geopolitical tensions once again. Additionally, the U.S. Supreme Court accelerated the review of Trump's tariff appeal, and this series of events has significantly increased market uncertainty.

In such a complex macro backdrop, U.S. stocks closed with some volatility on Tuesday. The Dow Jones Industrial Average initially rose by 0.43%, the S&P 500 index increased by 0.27%, and the Nasdaq Composite index gained 0.37%. In the tech sector, Apple (AAPL.O) fell by 1.4%, Google (GOOG.O) rose over 2%, and Nvidia (NVDA.O) increased by over 1%.

According to the CME "FedWatch" tool data, the current market expectations for the Federal Reserve's monetary policy direction are quite clear. The probability of a 25 basis point rate cut in September is as high as 93%, while the probability of a 50 basis point cut is 7%. By October, the cumulative probability of a 25 basis point cut is 21.4%, the cumulative probability of a 50 basis point cut is 73.2%, and the cumulative probability of a 75 basis point cut is 5.4%. Changes in macroeconomic data and policy expectations will undoubtedly have a profound impact on the cryptocurrency market, and investors need to closely monitor these dynamics.

【Bitcoin Market Analysis】

This morning, Bitcoin quickly surged from a low of $111,050, reaching a high of $113,238, before entering a consolidation phase. However, in the evening, bullish momentum gradually weakened, and the price dipped again to an intraday low of $110,714, with the overall market currently in a volatile state.

From a technical analysis perspective, in the hourly timeframe, Bitcoin's price has experienced a series of downward pushes, and is currently in a narrow consolidation range at a low level. In terms of short-term momentum indicators, the bearish strength has weakened after a continuous decline. According to technical analysis theory, when bearish strength diminishes, there is often a technical rebound demand in the market. This is also reflected in Bitcoin's price movement, where the market's bullish and bearish forces are in a stalemate. It is worth noting that Bitcoin's price has tested key support levels twice but has only made false breaks without achieving a substantial breakthrough. The $110,000 level has shown strong support, indicating that the support below remains robust.

Based on the current technical patterns, the market is likely to break free from the previous adjustment rhythm in the short term. There are two possible scenarios for future movements: first, a rebound trend may begin, with prices gradually rising; second, it may enter a narrow consolidation phase, further solidifying the bottom and laying the groundwork for future market developments. In terms of future trading suggestions, investors may wait for Bitcoin's price to pull back to the upper support range, and consider entering the market after confirming the support's effectiveness. With the increase in trading volume during the early morning and the formation of a double bottom pattern on the hourly chart, from a technical analysis perspective, it is still advisable to maintain a bullish expectation in this situation.

【Ethereum Market Analysis】

In yesterday's market, Ethereum reached a daily high of around $4,380, but fell to a low of around $4,270 in the evening due to news impact, with a daily fluctuation range of over 110 points. Last night, stimulated by news of changes in non-farm payroll benchmarks, Ethereum's market showed a downward trend, which was strong and stable.

From a daily chart perspective, after reaching a high of $4,381, Ethereum faced pressure and retreated, showing a lack of upward momentum for several consecutive days. Analyzing the overall trend structure reveals that Ethereum's price is still constrained by the previous downward trend, and as of now, there has been no clear signal of a bottom reversal. This indicates that Ethereum's overall pattern remains biased towards weak fluctuations, and the potential for future rebounds may be limited by the upper boundary of the current consolidation range. Investors should cautiously monitor the resistance levels above and the overall market trend changes when trading Ethereum.

In the complex and ever-changing cryptocurrency market, investors must closely monitor macroeconomic dynamics and the technical trends of various digital currencies, and develop reasonable investment strategies based on their own risk tolerance. The above analysis is for reference only and does not constitute investment advice.

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If you are feeling lost—don’t understand the technology, don’t know how to read the charts, unsure when to enter the market, don’t know how to set stop losses, don’t understand take profits, randomly increasing positions, getting stuck while trying to buy the dip, unable to hold onto profits, missing market opportunities… these are common issues for retail investors. But don’t worry, I can help you establish the right trading mindset. A single profitable trade speaks louder than a thousand words; finding the right direction is better than repeated failures. Instead of frequent trading, it’s better to strike precisely, making each trade more valuable. If you need real-time guidance, you can scan the QR code at the bottom of the article to follow my public account. The market changes rapidly, and due to the timeliness of reviews, future trends will be based on real-time layouts. I look forward to progressing steadily with you in the market.

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