Looking ahead to the market, the current favorable factors have not weakened or shifted, and the optimistic sentiment regarding interest rate cuts in September is growing stronger. The non-farm payroll data released at the beginning of the month has solidified this outlook, along with the U.S. August PPI data and initial jobless claims released last week, which have increased market bets on interest rate cuts. Additionally, there are multiple prospects for rate cuts by the end of the year and into next year, which will lead cryptocurrency prices back into a rate-cutting cycle, continuing to receive positive support. However, before the Federal Reserve's interest rate cut policy is implemented, given that previous rate cut expectations have already been priced in, bulls may choose to take profits ahead of the rate cut, which could lead to price fluctuations or a pullback. After the rate cut, attention can be paid to the Federal Reserve's statements and Powell's speeches for further guidance on future policies.
From a technical analysis perspective, Bitcoin is currently showing a downward trend on the daily chart, with the price experiencing a consolidation phase and forming two consecutive bearish candles yesterday. On the hourly chart, there has been a slight rebound in the past few hours, but the overall price has not broken through key resistance levels. The MACD histogram on the hourly chart remains negative, with the fast and slow lines showing a death cross, indicating that short-term bearish forces are dominant; the daily MACD is also below the zero line, continuing a weak pattern. The hourly RSI is at 42.77, close to the neutral zone, with no obvious overbought or oversold signals; the daily RSI appears slightly weak, maintaining around 40, indicating insufficient market momentum. Both the hourly EMA7 and EMA30 are tilted downwards, and the current price is below EMA7, indicating significant short-term pressure; the daily EMA120 provides support, and attention can be paid to the strength of this support in the short term.
Zhou Yanling's 9.16 Bitcoin Trading Strategy:
Short at 116200-115400, stop loss above 117300, target 114200-113300
Long at 113000-114000, stop loss below 112000, target around 115000-116000
Zhou Yanling's 9.16 Ethereum Trading Strategy:
Short at 4570-4530, stop loss above 4620, target 4440-4400
Long at 4380-4425, stop loss below 4340, target around 4500
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article's review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.】
This article is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years, currently focusing on analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. The author has a solid theoretical foundation and practical experience, excels in combining technical and news-based operations, emphasizes capital management and risk control, and is recognized by many investors for a stable and decisive trading style, characterized by a friendly and responsible personality combined with sharp and decisive operations.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
