September 9 BTC/ETH Daily Market Report

“Jiangfeng Trading Strategy Diary” Issue 40: Continuing to focus mainly on shorting rallies

The resistance above has not been broken, while the support below has also not been effectively breached. Overall, the market remains range-bound. From the chart, we can see short-term resistance around 80000–80500 above $BTC , as well as resistance near 81300. The main resistance remains around 82600. As long as the price does not effectively hold above 828000, I believe the bears still have opportunities. An effective break below 7.7–7.6 will once again initiate a new reversal trend. Before an effective breakout or breakdown, operate cautiously with light positions.

The current market appears calm, but turbulent waves are actually lurking beneath the surface! The war in the Middle East has driven oil prices close to $100, reviving the specter of inflation, while the US 10-year Treasury yield has surged above 4.8%, leaving risk assets trembling. This Thursday’s CPI data will be crucial, with both bulls and bears holding their breath awaiting the verdict!

Technical outlook: A battle to the death between support and resistance

Bitcoin is currently around 78800. On the 4-hour timeframe, it is consolidating weakly below the Bollinger middle band, with 79800–80500 forming a strong resistance wall above. Bearish momentum on the MACD continues to be released, casting doubt on the strength of any rebound. Ethereum is relatively resilient, with 2455–2475 forming a short-term support zone, but facing heavy resistance around 2530–2545 above. A directional move is imminent.

Specific strategies:

$BTC
Enter an initial short around the upper level (79850–80500), add around 81300, with extreme resistance near 82600. Set defense around 83000. Watch for targets around 78900 and 78000–7700–76000 below; upon an effective breakdown, look toward 75000–73600.

$ETH
Enter an initial short on a rebound around 2535–2545, add around 2565–2600, set defense at 2630, and watch for targets around (2450–2430)–2360–2255–2200.

⚠️: Those who cannot tolerate a wide stop-loss should reduce their position size, or after entering the initial position, move the add-on level up by 200–300 (BTC) or 10–20 (ETH) points as the defense level.

⚠️: The above entry and exit levels have a deviation range of BTC ±100 points and ETH ±5 points!

⚠️: The current market is caught in an intense confrontation between macroeconomic headwinds and institutional support. Before a direction is chosen, positions must be light and stop-losses must be strict! The market may experience sharp volatility at any time before the CPI data is released.

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