Bitcoin has broken out of the ascending triangle on the 4-hour chart and is currently around 114400. It reached a high of 114715. In the short term, the pullback to this triangle breakout support has come below the daily MA60.

Ethereum remains in a range between 4200 and 4500 with little change, continuing the boring narrow range oscillation while patiently waiting for a trend change.

The Dow Jones and S&P 500 indices have reached new highs during the trading session, and the Nasdaq has also hit a historical high, consistent with the thoughts from August 19.

Bitcoin

Since the reminder on September 1 to look for a rebound, the increase has exceeded 6000 points, with the daily chart reclaiming the box range, standing above MA120 and MA20, and also breaking through the pressure at 113500. The next resistances are at 115400 and 117400. The Fibonacci has broken through 0.382, and there is a chance to push towards 0.5 to 0.618.

There are 6 days left until the interest rate cut; pay attention to the potential shift from positive to negative. However, it should not drop below 112000 and MA120; otherwise, we will continue to look for a rebound.

Support: 107200 - 112000 - 113000

Resistance: 115400 - 117400 - 118600

Ethereum

There isn't much to say about Ethereum; the previous high-level oscillation adjustments have varied in duration. Currently, it has been oscillating at a high level for a month, while previous high-level oscillations lasted from half a month to two months. It is uncertain when it will adjust well, so patience is required.

PUMP has reminded on September 1 about the harmonic pattern looking at 0.886, which has nearly doubled today. There are also many positive factors today; pay attention to today's closing. If it forms a long upper shadow doji, a short-term pullback will be needed, waiting for a good opportunity to enter after the pullback.

Support: 3850 - 4060 - 4200

Resistance: 4500 - 4788 - 4956

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The article is time-sensitive and for reference only, updated in real-time.

Focusing on K-line technical research, sharing global investment opportunities. Official account: BTC Trading Prince Fusu

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