On the evening of September 7, this week's market is nearing its end, and the trends of Bitcoin and Ethereum are showing strong synchronization, both experiencing a process of "rising and falling back, followed by stabilization". In terms of Bitcoin, it began to rise from the lowest point of 107255 at the beginning of the week, climbing all the way to a high of 113384, before encountering significant upward pressure, and then gradually falling back to around 110000. Currently, it is maintaining a relatively stable operating state around 110700. The trend of Ethereum is highly correlated with Bitcoin, after dipping to a low of 4205, it entered a phase of fluctuating and rising. On Friday evening, the price of Ethereum climbed to a high of 4494, but also faced limitations on upward movement, subsequently falling back and stabilizing after finding support at 4220. It is currently stable around 4300. The bullish momentum is starting to strengthen, and there is upward momentum in prices in the short term. For future strategies, we can consider expanding long positions. $BTC Bitcoin can be traded long around: 110800-109800, with a target of 111500-112500. $ETH Ethereum can be traded long around: 4270-4220, with a target of 4350-4400 #美联储降息预期 #加密市场回调 .
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