Recently, the overall cryptocurrency prices have maintained a strong pattern, mainly relying on geopolitical risks and the buying expectations of a rate cut in September, leading to a strong rise in prices. This Thursday morning, the Federal Reserve's interest rate decision and Powell's speech will be announced. As the September rate cut approaches, cryptocurrency prices may become volatile again. If all goes as expected, the Federal Reserve will cut rates by 25 basis points in September. Following the announcement of the rate cut, if Powell does not make overly aggressive statements, prices may experience a brief "sell the fact" decline. Therefore, before the rate cut this week, a strong oscillating trend is expected, and after Thursday, there may be a phase of pullback, although a preemptive decline cannot be ruled out.
From a technical perspective, Bitcoin's daily chart showed a bearish candle with a lower shadow yesterday, indicating some support below, but overall remains weak. On the hourly chart, there has been a continuous slight decline in recent hours, and the current candlestick is in a low consolidation state, potentially facing a directional choice in the short term. The hourly MACD histogram remains negative and is expanding, with the fast and slow lines diverging downwards, indicating a dominant bearish momentum; the daily MACD fast and slow lines are close to the zero axis, with weakening momentum. The hourly RSI is at 43.65, not in the oversold area but showing fatigue; the daily RSI is relatively low (around 40), reflecting cautious market sentiment. The hourly EMA7 and EMA30 have formed a death cross, with prices running below the EMA7, indicating a bearish short-term trend; the daily EMA120 remains upward, with the long-term trend unchanged.
Zhou Yanling's 9.15 Bitcoin Trading Strategy:
Short at 116300-115500, stop loss above 117300, target 114200-113200
Long at 113000-114000, stop loss below 112000, target 115500-116500
Zhou Yanling's 9.15 Ethereum Trading Strategy:
Short at 4670-4630, stop loss above 4720, target 4520-4480
Long at 4480-4520, stop loss below 4430, target 4600-4640
【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.】
The content of 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 mainly 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 along with sharp and decisive operations.
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