As September 1st arrives, the cryptocurrency market continues to hover within a volatile range. Despite the U.S. stock market being closed, market participants are still closely monitoring the trends of Bitcoin (BTC) and Ethereum (ETH).

For Bitcoin, after receiving support at the Vegas channel on the daily level, a rebound signal has appeared. However, the important resistance zone on the 4-hour level still exists, located between 112,000 and 113,500, with 111,828 being a precise reference point that needs special attention. The support level below is concentrated in the range of 105,000 to 102,000, with the specific support point near 105,873. Currently, BTC's movement is still in a fluctuating pattern and has not formed a clear direction, so investors should closely monitor the breakthrough situation of the resistance zone.

Regarding Ethereum, the current pressure range is between 4,530 and 4,560, while the support range is between 4,350 and 4,400. It is particularly important to pay attention to the key level of 4,280. If ETH breaks down significantly at this level and cannot quickly recover, bullish investors may need to consider cautiously exiting or adopting a wait-and-see approach.

Looking ahead to this week, the market's focus will be on the US non-farm payroll data. The non-farm payroll data and unemployment rate for August are expected to be released this Friday, with market expectations of 75,000 and 4.3% respectively. However, considering historical data, if actual job growth significantly exceeds expectations (for example, over 80,000), it could be favorable for the US dollar while putting pressure on non-dollar assets, including cryptocurrencies.

Although an unemployment rate rising to 4.3% may help strengthen expectations for interest rate cuts, this absolute level is still not considered high, and its impact may be limited. Investors should also pay attention to the release of the U.S. economic beige book, which may provide important clues about the true state of the economy.

Based on the current analysis, it is preliminarily judged that the non-farm payroll data release may be higher than market expectations. Therefore, it is recommended that investors prepare for risk control in advance, closely monitor market trends, and adjust investment strategies in a timely manner based on the latest data.