Analyst Liang Qiu: On September 1, Bitcoin and Ethereum Kongdan successfully acquired, along with short-term market analysis.

Bitcoin and Ethereum started to rise in the early session yesterday but remained flat before starting to decline in the early morning. Our layout from last night was again around 108800 and above 4480, and it successfully dropped to 107200 and 4360 levels. Overall, the space is still quite good. After the decline, it has once again entered a sideways consolidation, and the overall trend is relatively weak, but it has not broken down. There is still some support at the lower levels.

The K-line pattern shows that the daily level is still in a sideways fluctuation, with a gradual stabilization at the bottom, forming a low-level oscillation consolidation pattern. Recently, the highs have failed to break through the previous resistance zones of 110000 and around 4530. A series of bearish candles have appeared on the 4-hour level, indicating a weak downward trend in the short term; however, the current price is close to the previous low area of 106000 and around 4330, which offers some support. In terms of technical indicators, the MACD histogram on the 4-hour level is shortening, and the fast and slow lines are still below the zero axis, indicating that bearish momentum is weakening but has not yet turned strong.


It is suggested to operate Bitcoin around 106700 to 107200, with a target near 108600; for Ether, around 4340 to 4370, with a target near 4450.

[The above analysis and strategies are for reference only, please bear the risks yourself. The review and publication of the article do not have timeliness, and the specifics are subject to real-time.] #Gate重磅上线GUSD# #ETH走势分析# #Solana财库公司崛起#