2026.8.31 Market analysis for the last day of the month and the first day of the week

I just finished taking my child for a checkup, and they will officially start kindergarten the day after tomorrow. Don't panic, everyone. When you encounter market conditions you don't understand, if you really don't know how to operate, doing nothing is still 10,000 times better than randomly averaging down and getting liquidated!
Affected by the US-Iran mutual bombings over the weekend and the pressure from interest rate hikes, XAU has continuously taken heavy blows from the market, now falling back to the 4400 area (the token perpetual price differs slightly from the international gold price). This has also made the 1h/2h adjustment more thorough. The daily chart has now fallen back to the MA250 area, while the 4h level faces a major test at 4350-4385. It is not advisable to chase longs during Monday's session; first watch where the market can stabilize this week, and then consider XAU trades based on whether this week's nonfarm payrolls report will have any impact on the probability of rate hikes;
BTC was suppressed by the increased probability of rate hikes following Warsh's speech and fell along with XAU. After the weekend morning surge, the 79000/80300 area was identified as a level to consider short positions. BTC reached 79384 over the weekend and is now consolidating around 77750, with a $1,600 range of volatility, providing sufficient profit for short trades;
BTC support/resistance levels: 87550/85165/75475/78425/71500
Shorting rebounds remains viable, while short-term longs can also be taken after a deep dip. The current move is undergoing a new round of adjustment; simply wait for a new confirmed market signal;
ETH support/resistance levels: 2750/2400/2225/2100
Over the weekend, ETH reached the 2515-2530 resistance zone mentioned earlier, rebounding to a high of 2535. It is now consolidating around 2420, with a $100 pullback, providing sufficient profit for short trades;
This is nonfarm payrolls week for US stocks, which will have some impact on the market, so attention is still needed. Currently, due to the increased probability of rate hikes, the overall market is in the process of a short-term bearish move focused on falling back to test support!
Trading suggestions do not constitute any investment basis: Regarding the frequently asked-about WIF, there is no need to rush to average down; you absolutely must not rush, and stop-loss conditions must be strictly followed. First watch this week to see whether the market can stabilize;
At present, both longs and shorts can be traded this week. Keep tracking and monitoring at all times, and adjust whenever the market changes; if there is a sharp plunge, another opportunity to heavily load up on spot assets will come; so stay calm!
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