A sword takes ten years to forge, with reasons for every rise and fall; Bulls and bears do not linger in battle, only when the profits are secured can one find peace.
Hello everyone, I am Tommy, a crypto economist, a trader rooted in the currency circle, and have been studying Ethereum (ETH) for 6 years. First, let me talk about the three things I don't do in trading: don't trade when tired, sleepy, or exhausted; don't trade when in a bad mood; don't trade when unable to understand the market trends. (In a bad state, one cannot perform at a normal level, leading to significant errors in market judgment.)
Follow K-line Life Tommy on WeChat Official Account: Opportunities are created in segments every day, there is no need to rush, the original intention has never changed. While creating profits, focus on professional risk control, making investments valuable, walking the long term, not letting down the encounters and trust in the past. Real-time guidance is available 24 hours a day, feel free to leave a message if you have any questions, all strategy ideas are open and free, the only designated official account to follow. Do not estimate the market with your own financial resources, and do not let the gains or losses affect your determination! - Tommy
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After a week of range-bound consolidation, the market finally rebounded strongly in the evening as the US dollar index plummeted, driving a strong rebound in US stocks and Bitcoin from the bottom of 1630, and major heavyweight stocks such as Tesla and Nio also surged with the release of Q2 financial reports. Last Friday, Federal Reserve Chairman Powell said that further rate hikes may be needed, boosting market expectations for another rate hike by the Fed this year, helping the dollar to hit a near three-month high of around 104.44. However, this week will see the release of US August PCE data and non-farm employment reports, so position adjustments need to be made in advance. Based on the current forecast values, with a previous value of 4.1 and a forecast value of 4.2, short-term PCE data is positive for the dollar, so we need to pay attention to whether this short-term positive trend can continue to drive Bitcoin and Ethereum into a strong rebound. 
Market situation: After probing the low near 1580 on August 23, it rebounded to the support at the bottom of 1630 after a week of oscillation in the 1630-1680 range. On the daily chart, it broke through the highest point of 1735 with volume from 1630, and the price rose rapidly in the short term, but the trading volume did not surpass that of the 23rd, indicating that there is still significant selling pressure from the main force in the upper bullish area. The focus is still on the results of Thursday's PCE and non-farm data release in making decisions. Aggressive traders can still enter short positions at high levels, with defense placed at 1750. 
Entering the bullish area on the daily chart quickly fell back, and will still face a second probe to build a base.
The strategies publicly disclosed this month have been perfectly concluded. For those who need to follow real trading operations, please follow the WeChat Official Account: K-line Life Tommy
Only ETH returns are publicly disclosed, and can be checked online. Real trading data is mainly based on real-time guidance. For details, follow the WeChat Official Account to learn more.
Mainly targeting spot, futures, BTC/ETH/ETC
Expertise: Candlestick trading
Original trading strategy based on trading volume.
Short-term swing highs and lows, medium and long-term trend trades, daily extreme retracements, weekly K-line top predictions, monthly head predictions
WeChat Official Account QR Code
Friendly reminder: The WeChat Official Account at the end of the article is created by the author himself!
Please be cautious in distinguishing between true and false, thank you for reading!
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