Zhou Yanling: Latest Trend Prediction and Trading Strategy for Bitcoin BTC and Ethereum ETH on September 5
The core reason for the recent rise in cryptocurrency prices is the market's increasing expectations for a rate cut by the Federal Reserve this month. Recent employment data has shown marginal weakness, and a cooling labor demand supports a policy shift. The dollar's mild rebound lacks sustainability, and the "debt concerns" triggered by the sharp rise in U.S. Treasury yields have eased, stabilizing market risk appetite. This has led to short-term profit-taking in cryptocurrency prices, but mid-term hedging and allocation demand remain unchanged. After two weeks of gains, some funds triggered profit-taking due to "missing out anxiety," causing a subsequent pullback, and short-term sentiment is wavering. Currently, the market is synchronously stabilizing and reducing hedging demand, with the dollar's rebound and stabilized yields constraining cryptocurrency prices. However, the mid-term consensus on rate cuts has not reversed, and Bitcoin still holds hedging value; with non-farm payrolls and interest rate meetings approaching, leveraged funds are reducing positions, leading to a neutral RSI and weakened MACD momentum. Current sentiment is a mix of "rational optimism" and "defensive positioning before events," with limited chasing of prices but still a willingness to accumulate on dips.
From a technical perspective, Bitcoin is currently in a weak pullback. The daily chart shows a rapid price decline recently, forming a large bearish candle, indicating a clear downtrend. The hourly chart shows consecutive bearish candles after oscillating at high levels, with short-term lows continuously moving down, reflecting a bearish dominance. The MACD indicator on the hourly chart shows both DIF and DEA are negative and diverging downwards, with increasing green bars, indicating a weak market; the daily chart also shows a death cross, with strong bearish momentum. The hourly RSI hovers around 30, close to the oversold zone, but no significant rebound signs are observed; the daily RSI continues to decline, still having further downward space. The hourly EMA7, EMA30, and EMA120 are all in a bearish arrangement, with prices running below all moving averages, indicating significant short-term pressure; the daily EMA7 is turning down and suppressing prices, while EMA30 and EMA120 maintain a certain distance, overall leaning bearish.
Zhou Yanling's Trading Strategy for Bitcoin on September 5:
Short at 110700-110000, stop loss above 111800, target 109000-108200
Long at 108200-109000, stop loss below 107200, target 110000-110800
Zhou Yanling's Trading Strategy for Ethereum on September 5:
Long at 4250-4280, stop loss below 4200, target 4350-4380
Short at 4400-4370, stop loss above 4450, target 4300-426
[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 content is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has over ten years of experience in financial market investment research, currently focusing on analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. With a solid theoretical foundation and practical experience, the author excels in combining technical and news-based operations, emphasizing capital management and risk control. The trading style is steady and decisive, recognized by many investors for a friendly and responsible character 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。
