Tuesday, September 2.

After multiple tests of 107 without success, Bitcoin has rebounded, and the rebound strength is gradually recovering. The first pullback to 1072 bounced back to a high of 1094, the second pullback to 1072 bounced back to a high of 1098, and the third pullback to 1074 has bounced to the current 110600. Yesterday, we placed two buy orders around 1076-1073 and reaped significant profits. As for whether this new round of spring for Bitcoin has started, it remains to be seen. The current rebound is merely a recovery and not a sign of strength. The level of 110800 has not been broken and stabilized, so there is still a possibility of a pullback to around 1050. Only when the levels of 111800-113600 are broken will it indicate a stronger trend. Currently, based on the strength of the rebound, it seems that 1050 will not be reached easily.
Additionally, looking at the timing of interest rate cuts, the rebound has not yet reached the right time. At least we need to wait until we are close to the rate cut for market sentiment to become stronger. If we push up now and then positive news comes out, there will be nothing left to speculate on. Therefore, we are not yet at the point of mindlessly buying. We should continue to wait for a pullback before entering. During the day, wait for a pullback to test around 109300 before entering. If 109300 is broken, continue to wait below 108000 to enter. For upper resistance, pay attention to 110800-111800-113600.

I sold ETH yesterday, and it has weakened over the past two days, with the rebound strength much less than that of BTC. I believe the main reason is that the car is too heavy to pull, and it needs to shake off some people. Therefore, BTC may just make a slight pullback, while ETH may need to dip down. Pay attention to ETH these two days; it’s better not to get on the train than to be forced off. A rebound above 4500 would be considered strong; before that, there is still a possibility of testing 4200-4100 again. I'm waiting to enter near these two levels. If you're really worried about missing out, then wait to enter around 4250 and hold a bit longer. The upper pressure is at 4430-4500-4615 #ETH走势分析# #九月份加密市场能否突破# #BTC# .