Zhou Yanling: Latest Trend Prediction and Trading Strategy for Bitcoin BTC and Ethereum ETH on September 8
Under the influence of the August non-farm payroll data, the three major U.S. stock indices reached historical highs, then retraced their gains. What does this indicate? The market does not need to be entangled in whether there will be a rate cut in September, but rather the expectation for a 50 basis point rate cut has rapidly increased, and the anticipation for rate cuts in October and December has already begun to heat up. More seriously, the market has started to worry about a recession in the U.S. economy. A few hours after the data was released, Chicago Fed President Goolsbee stated: we need to wait for inflation data to decide whether to cut rates in September. This statement could have been left unsaid, but such a declaration seems to be a case of "not wanting to reveal the silver." On the contrary, it did not lower market expectations or sentiment, nor did it guide the market effectively. Ultimately, Bitcoin became the biggest winner, quickly surging and then rapidly retreating, creating a good smokescreen. Bitcoin has effectively transformed from a virtual commodity into a risk hedging tool, showcasing its hedging function to the fullest. The golden September and silver October have arrived, and we can look forward to even greater performances ahead.
Currently, the trend shows that the weekend was generally volatile and consolidating, and a significant move is expected on Monday. The daily chart indicates that a large bullish candle was formed yesterday (an increase of 1112 points), breaking through the previous days' consolidation range, indicating that the bulls are gradually gaining strength. The hourly chart has recently shown a continuous rise followed by high-level consolidation, and it may face a directional choice in the short term. In the MACD technical indicator on the hourly chart, both the DIF and DEA are above the zero axis, and the histogram remains positive, but momentum has weakened, necessitating caution against divergence risks. The hourly RSI is between 60-65, not yet in the overbought zone, indicating some upward space; however, if it continues to rise above 70, attention should be paid to potential pullback pressure. The price is currently above the EMA7, EMA30, and EMA120, with short-term moving averages diverging upwards, indicating a bullish trend.
Zhou Yanling's Trading Strategy for Bitcoin on September 8:
Buy at 110000-110800, stop loss below 109000, target 111500-112500
Sell at 113000-112200, stop loss above 114000, target 111300-110400
Zhou Yanling's Trading Strategy for Ethereum on September 8:
Sell at 4380-4340, stop loss above 4430, target 4240-4200
Buy at 4200-4240, stop loss below 4150, target 4330-4370
【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 analysis and guidance for 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, along with a friendly and responsible character.
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