The critical showdown for Bitcoin at $110,000 is imminent, and bottom-fishing opportunities are emerging!

CN
2 days ago

Today is September 4, 2025, Thursday. The cryptocurrency market is experiencing intense competition between bulls and bears, reaching a critical moment. The latest data shows that Bitcoin is consolidating below the strong resistance area of $112,321. If it effectively breaks through this historical high, a new bull market may officially begin. However, caution is advised; if the price falls below the key support level of $109,210, it could trigger a chain reaction of sell-offs, increasing short-term risks.

From a technical perspective, three major signals are worth noting:

  • First, the 4-hour candlestick chart shows an ascending wedge pattern, which is a typical trend reversal formation. The current contraction in trading volume indicates that a significant market movement is brewing;

  • Second, the Guppy Moving Average has turned completely red within 6 hours, confirming that the bullish pattern is still ongoing;

  • Third, the KDJ indicator has fully rebounded above the 50 strength boundary, and a short-term pullback presents a buying opportunity.

Ethereum is also on the verge of a breakout! It has tested the resistance level of $4,561 multiple times, and if it can stabilize above $4,662, it is expected to refresh its annual high. The support area below at $4,409 can be seen as a golden entry point, with funds already accumulating quietly.

Operational suggestions:

  • Spot investors may consider placing buy orders for Bitcoin around $109,210 and positioning for Ethereum near $4,409;

  • Contract traders can try a light long position near the support level, but must strictly set stop-loss orders.

Finally, a reminder: the market carries risks, and operations should be cautious. Rational positioning and strict risk control are essential; may we all seize this opportunity!

Market changes rapidly. Want to track strategies and precise points in real-time? Feel free to scan the QR code to follow our public account: KK Communication

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