Tong Ge’s September 1 BTC outlook
Enter a short near $BTC 785-790, stop-loss at 795, first target 770, second target 765.
Current price: 78261. Yesterday, Bitcoin’s publicly shared setup was to enter a short at 785-790. Those who followed the plan should now be sitting on unrealized profits. The market is still in the same range and has not broken out: 790 has failed to hold several times, while 770 is still providing support. Neither the bulls nor the bears have made a decisive move.
Today’s plan remains unchanged: continue shorting a rebound to 785-790; exit if 795 holds. The target is 770, and if it breaks, then look toward 765.
Before the range breaks, trade at the boundaries and stay on the sidelines in the middle. Those with unrealized profits should keep their hands off and let the bullets fly a little longer.

9.1 BTC and ETH intraday
Judging from the current bearish trend, the room for a downward adjustment and the bearish momentum have not yet been fully released. This is also the core logic behind opening short positions around 79300 after the price failed to hold above 80000 earlier. If a similar pattern emerges again, the approach will remain unchanged

Strong support below is around 74000. As long as this support holds, the broader market still has the conditions to resume its upward move. However, special attention should be paid to the period before and after this week's nonfarm payrolls data release, as the market is highly likely to move lower first and then rise. Be alert for a rebound after a short-term bottoming process
BTC rebound at 78700, short under pressure at 79500, targets 77000 and 760000
ETH rebound at 2480, short under pressure at 2520, targets 2430 and 2370
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