2025/9/3 Wednesday

The intraday fluctuations of Bitcoin have been repeated, with long and short forces in a tug-of-war. It rebounded after hitting a low at night, reaching a maximum of around 111700, and then came under pressure and fell back, currently hovering around 110800, lacking continuity. Ethereum is relatively weak, continuously adjusting around 4330, and the bullish momentum seems to be exhausted, with an overall slow rhythm and no clear one-sided trend. This kind of fluctuating consolidation seems more like a buildup for subsequent downward movement.

From an overall structural perspective, the daily candlestick pattern of consecutive downward days remains unchanged, and the bearish trend continues. On the four-hour chart, the Bollinger Bands are consistently opening downwards, and the market is operating near the lower track. Although there are occasional rebounds, the strength is limited, and previous support levels have been consecutively breached, indicating a clear downward adjustment trend. In the short term, the hourly chart is in a downward channel, with weak rebound strength. It is advisable to wait for a rebound to near the upper track of the channel before setting up short positions.

Regarding operations, I personally suggest setting up a short position for Bitcoin around 111800, targeting down to 111000-109000!

Set up a short position for Ethereum around 4330, targeting down to around 4150! #Strategy增持比特币