September rate cut is a certainty? Ethereum rises against the trend, be cautious in chasing the increase! 8.5 Bitcoin strategy

The latest weak employment data has accelerated rate cut expectations, and the triple pressure of policy independence crisis and economic slowdown has left the dollar gasping for breath. Trump's frequent personnel changes may trigger further selling of dollar assets! Given the poor performance of employment data, coupled with a disappointing non-farm report, the probability of a rate cut in September has increased. Ethereum was relatively strong yesterday, briefly breaking through the 3700 mark. Also, due to the increase in Ethereum buying volume, Bitcoin also broke through the 115500 mark at midnight,

From a technical perspective, the daily chart shows six consecutive bearish candles followed by two bullish ones. However, the closing price remains below the 10-day moving average, and the Bollinger Bands are still in an opening formation. The KDJ three lines have turned upwards and are in a confluence state above the 20 axis, while the MACD's volume is shrinking but is still in a downward dead cross state, indicating that the trend remains bearish, so be cautious in chasing the increase during the day! The resistance levels to watch above are 116000, 117000, 1189000, and 119500, while support levels below are at 114000, 1126000, 111800, 111200, and the 110000 mark.

8.5 Bitcoin trading strategy: Aggressive traders enter short at the current price of 115000-115500, while conservative traders enter at 116000-116500, with a stop loss above 117000, targeting around 114000-113500-113000, and if the level breaks, look towards around 112600-112000, continue to adjust the stop loss according to the situation!

8.5 Ethereum trading strategy: Aggressive traders enter short at the current price of 3700-3730, while conservative traders enter at 3750-3780, with a stop loss near 3800, targeting around 3600-3550-3500, and if the level breaks, look towards around 3450, continue to adjust the stop loss according to the situation!

Long position strategy: Buy one lot of Bitcoin at the first retracement near 112000, with a stop loss near 111100, targeting around 113500-114000-114500, and if the level breaks, adjust the stop loss according to the situation!

For Ethereum, buy one lot on a retracement during the day at 3400-3430, with a stop loss near 3370, targeting around 3480-3500-3530-3550, and if the level breaks, adjust the stop loss according to the situation!

The world may face turmoil due to tariffs; although it may unilaterally benefit the United States, as long as the globe is affected, the U.S. may find it hard to remain unaffected. Currently, the price of Bitcoin is already inflated, so everyone should be cautious in chasing the increase! #加密市场反弹