Analyst Liang Qiu: On September 3, Bitcoin rises again, Ethereum rebounds weakly. Can they alternate rising again?

Bitcoin has once again formed a high-level sideways fluctuation after surging above 110000 last night, while Ether's overall trend is relatively weak. After a wide fluctuation at the top, the rebound is weak and has not effectively broken through like Bitcoin. The trading strategy we implemented after the surge last night saw a pullback early this morning, dropping to the lines of 110100 and 4255 before rebounding again. Bitcoin has also repeatedly surged without success and has fallen back under pressure. The upper resistance at 112000 has not been effectively broken, making it difficult to form a new round of rebound. However, once there is an effective breakthrough and it stabilizes above the 112000 line, the market will once again welcome a rebound.

The daily chart is still in a downtrend channel, with resistance gradually moving down to the 112000 and 4400 levels. On the daily MA indicators, Ether has faced multiple obstacles and retreated near the 4400 levels of the 7-day and 10-day moving averages, so we will continue to monitor this position for pressure. On the four-hour level, Bitcoin has also started to pull back after multiple highs, so we are looking for a wave of pullback today and will pay attention to the strength of the pullback.

The trading advice is to short Bitcoin near 111000 to 111500, targeting around 109000; short Ethereum near 4340 to 4370, targeting around 4250.

[The above analysis and strategies are for reference only, please bear the risks yourself. The article review and publication do not have timeliness, please refer to real-time for specifics.]
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