The fluctuations in the cryptocurrency market are like the waves in a turbulent sea, making people feel anxious. However, its charm lies in the fact that it never looks at your past report card. Stop saying "I'll enter the market when it stabilizes"; opportunities in the crypto world never lie in "stability." The real dividends always belong to those who dare to position themselves amid uncertainty. Market volatility is not a risk; not understanding the trend is the biggest risk.

Bitcoin is currently hovering around $110,000, down more than 11% from its historical high in August. From a technical perspective, the overall trend of the 2-hour EMA is bearish, with the daily level oscillating between $108,000 and $109,500, where there is some buying support at lower levels. However, the 2-hour K-line briefly broke through the $110,000 mark, and the short-term high points are gradually declining, showing a weak consolidation pattern. At the same time, the Bollinger Bands are contracting, and the price is close to the middle band, reflecting that the market has not yet formed a clear direction. Additionally, historically, September has often performed poorly for Bitcoin, with 8 out of the past 12 years showing declines. Although this year has been influenced by factors such as expectations of interest rate cuts from the Federal Reserve, the outflow of ETF funds and doubts about corporate strategies have also brought pressure, leading to intense long-short battles.

Short-term trading suggestion: In the range of $110,500 to $111,000, you can gradually short with light positions, targeting $108,500.

Ethereum's price today dropped to $4,205.81, down 3.37% in the past 24 hours. The technical analysis shows that the formation of a Evening Star pattern combined with the bearish arrangement of moving averages creates a strong bearish resonance, indicating that the price may further decline in the short term. However, the extremely low trading volume shows a lack of buying support in the market, reflecting that the current downward momentum is insufficient, and close attention should be paid to the performance of the key support level at $4,202. The 2-hour K-line has shown consecutive bullish candles followed by a pullback, indicating a weak adjustment pattern in the short term.

For short-term operations, it is suggested to gradually short in the range of $4,400 to $4,450, targeting the $4,350 to $4,300 position.

Due to the timeliness of price points, there may be delays in post reviews, so specific operations should be based on real-time market conditions. The above trading range analysis is for reference only; the cryptocurrency market is highly risky, so please manage your risk well and make cautious decisions when investing. If you are interested in specific indicator analysis or the impact of new market dynamics on prices, feel free to scan the QR code for the public account in the article below. You are welcome to visit.

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