September 4 Market Outlook | Non-Farm Payrolls Incoming! ETH Tests Key Resistance, Sandisk High Sell, Hynix Wait-and-See

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1. Market Review: Why Did the Rebound Occur?

Last night, the overall market was strong, driven by the collective warming of fundamental sentiment:

  • Employment data surprises: Wednesday's ADP employment data was disappointing, and yesterday's initial jobless claims also fell short of expectations, raising concerns about cooling in the labor market;

  • Non-farm expectations brewing: Some traders have already bet that tonight's non-farm data may leave the market "greatly disappointed";

  • Rate cut expectations absorbed: Citigroup believes that the Federal Reserve will maintain interest rates at the meeting in less than two weeks;

  • Market reaction: Mainstream cryptocurrencies rebounded from lows, and the three major stock indices closed higher simultaneously.

In summary: Weak data → Rate cut bets heat up → Risk assets rebound. If tonight's non-farm data is weak again, this logic may be reinforced.


2. ETH: A "Multiple Choice" Before Key Resistance

Today's focus: Testing the 2535 resistance level.

  • Overall, still fluctuating between the 2356 – 2535 range, the box pattern has not changed;

  • Current price is near the 2535 resistance level, which is a dividing line for bulls and bears;

  • Trading reference:

    • ✅ If the 4-hour close breaks above 2535, or if there is a significant rise on the hourly chart → go long;

    • ⛔ Long position stop loss reference at 2500;

    • 🎯 Mid-term targets sequentially look towards 2715 / 2917 / 3050.

The logic is simple: once the upper edge of the box is effectively broken, it means the range opens, and the upside space will be revalued.


3. SanDisk: High Sell-off Remains the Main Strategy

  • Currently fluctuating in the 1580 – 1514 range;

  • The operation still tends to short high (short at near the upper range) is more advantageous;

  • Special reminder: Today's focus is on non-farm data, it's advised to wait for opportunities after U.S. market opens to act, avoiding the uncertainties brought by data disturbance.


4. Hynix: Direction Unclear, Continue to Observe

  • The price is fluctuating in the 1232 – 1156 range;

  • The short-term direction is currently unclear, does not align with a clear trading entry logic;

  • Operation suggestion: Continue to observe, wait for the range selection before intervening, avoid rushing and being reckless.


5. Tonight's Focus: Non-farm Data

The biggest variable during the day is the evening non-farm payroll data, which will directly test whether the current interest rate cut expectations are valid.

  • If the data is significantly below expectations → Rate cut bets strengthen, risk assets (ETH, indices) are expected to rise further;

  • If the data is unexpectedly strong → Expectations may be dashed, be wary of the rebound trend retracting.

Advice for traders: Control positions before the non-farm release, set stop losses, and wait for direction confirmation after the data is released before decisively following up.

  • If you want to know more details and specific operations, see you in the live broadcast tonight, we will analyze the market live and watch candlesticks to discuss logic.

    (

    TS: Three apps can be downloaded from the app store, scan to add)


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