Dear cryptocurrency comrades, today is Monday, September 1st, and the new trading month officially begins! The market trends during the double holiday period were like a fog bomb; behind the seemingly calm candlesticks lies a shocking change that could alter account fortunes! The current market has fully entered the rhythm of the Federal Reserve's September interest rate meeting, with expectations of interest rate cuts continuing to ferment. Coupled with market concerns triggered by the Fed's independence, risk aversion is like a volcano about to erupt, potentially igniting a new round of market movements at any moment!

First, let's look at Bitcoin (BTC). The current price is fluctuating around $108,000, a position that is like a battleground fiercely contested by two armies! There are two key resistance levels to watch above: $109,772 is a strong short-term resistance, and if broken, $111,277 will become the ultimate defense line. The support below is equally important; $107,414 is the first support level, and if it fails, the second defense line at $106,308 will determine the outcome between bulls and bears! From a technical analysis perspective, the 4-hour candlestick shows a shrinking upward trend, a typical "false bravado" pattern, like a trap deliberately created by the bears to lure in buyers. Looking at the Guppy Trend Indicator, all time frames below the daily are showing bearish resonance, indicating that shorting in the short term is the way to go! More alarmingly, the KDJ indicator on the 2-day candlestick has fallen below the 20 oversold zone and is showing signs of stagnation, suggesting that prices are likely to continue a downward trend. Operational advice: decisively short at $109,100, set a stop loss at $109,500, and target a drop to $108,000 - $107,400. If it effectively breaks below $107,400, the target of $103,000 will be within reach; when the price retraces to $107,400, consider opening a small long position, with a stop loss at $106,900 and a take profit target of $109,100 - $111,000.

Next, let's talk about Ethereum (ETH), which is currently testing below $4,500 repeatedly, with a trend that is even more elusive than Bitcoin! The upper resistance at $4,495 is short-term, and if broken, $4,565 will become the new challenge; the lower support at $4,415 is the first line, while $4,348 is the final defense line. From a technical structure perspective, the downward trend is still ongoing, but a structural divergence has appeared at $4,250, which is a key reversal signal! If the pressure zone of $4,500 - $4,600 is broken, the $5,000 mark will be within reach! However, the 4-hour channel candlestick shows significant pressure, with the MACD fast and slow lines all under pressure after three golden crosses below the zero axis, showing signs of forming a death cross, and the momentum bars are continuously shrinking, increasing the risk of a short-term pullback. Specific operations: try a long position near $4,370, with a stop loss at $4,353 and a take profit target of $4,400 - $4,440; decisively short at $4,455, with a stop loss at $4,477, targeting $4,270 - $4,330 - $4,370 - $4,400 sequentially.

A special reminder to everyone: although there are no major data releases today and major U.S. exchanges are closed for Labor Day, this may actually exacerbate market volatility! Remember the iron rule of investing: always use a stop loss when opening a position; do not open a position without a stop loss! Whether in contracts or spot trading, strict risk control is always the prerequisite for profit! The cryptocurrency market changes rapidly; only by grasping the trend can we laugh until the end. In this September opening battle, let’s seize the opportunity together and achieve a wealth reversal!

For more strategies, follow the public account: KK Communication

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