On Thursday evening, the CPI data was released, showing that the overall CPI in the U.S. rose by 0.4% month-on-month in August, exceeding the expected 0.3%, and was double the increase in July. Housing costs were the main contributor, with grocery prices also playing a role, as household food prices saw the largest increase since 2022. The overall CPI rose by 2.9% year-on-year, up from 2.7% in July. Although inflation remains above the Federal Reserve's target, tariffs have not triggered widespread price pressures, reinforcing expectations for a 25 basis point rate cut at the Fed's September meeting. Additionally, initial jobless claims surged to the highest level in nearly four years, indicating a weakening job market, which is likely to lead to a gradual implementation of easing measures. After a short-term price surge, it is expected that there will be a period of decline before a strong recovery.
Currently, the Bitcoin daily chart shows a continuous price rebound, forming multiple bullish candles, with an overall upward trend. On the hourly chart, after encountering resistance around 114700, the price has pulled back, but the lows are gradually rising, remaining in an upward channel in the short term. In the MACD technical indicator, both the DIF and DEA on the hourly chart are above the zero line, but the histogram is shortening, indicating a weakening bullish momentum; the daily MACD continues to maintain a golden cross, with bulls in control. The hourly RSI is at 60.57, close to the overbought zone but not yet in it, showing strong market sentiment; the daily RSI remains stable below 70, maintaining a healthy upward pace. The hourly EMA7 and EMA30 show a bullish arrangement, and the price consistently operates above the EMA120, indicating strong support, with a long-term bullish trend still in place.
Zhou Yanling's 9.12 Bitcoin Trading Strategy:
Buy at 113000-113700, stop loss below 112000, target 115000-116000
Sell at 116500-115500, stop loss above 117500, target 114500-113700
Zhou Yanling's 9.12 Ethereum Trading Strategy:
Buy at 4320-4360, stop loss below 4270, target 4460-4500
Sell at 4520-4480, stop loss above 4560, target 4400-4360
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article 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. 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.
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