Under the influence of the non-farm data in August, the three major U.S. stock indices reached historic highs, then gave back gains. What does this indicate? The market doesn't need to be entangled with whether there will be a rate cut in September, but rather the expectation for a 50 basis point rate cut has quickly risen, and now discussions about rate cuts in October and December have begun to heat up. More seriously, the market has already started to worry about a recession in the U.S. A few hours after the data was released, Chicago Fed President Goolsbee stated: we need to wait for inflation data to decide whether to cut rates in September. Originally, there was no need to make a statement, but such remarks seem suspicious? On the contrary, it did not lower market expectations or sentiment, nor did it guide the market effectively. Ultimately, Bitcoin became the biggest winner, quickly surging and then rapidly retreating, creating a perfect smokescreen. Bitcoin has effectively transformed from a virtual commodity into a risk hedging tool, fully demonstrating its risk aversion capability. The golden September and silver October have arrived, and we can look forward to even bigger performances ahead.

Currently, the market trend shows that the weekend was generally turbulent and consolidating, and next Monday is expected to see significant movements. The daily chart indicates that yesterday formed a large bullish candle (up 1112 points), breaking through the previous days' trading range, indicating that bulls are gradually becoming stronger. The hourly chart has recently shown a continuous rise followed by high-level consolidation, and may face directional choices in the short term. In the MACD hourly chart, both the DIF and DEA are above the zero line, and the histogram continues to be positive, but momentum has weakened, so caution is needed for divergence risks. The hourly RSI is between 60-65, not entering the overbought area, still has some upward space; however, if it continues to rise above 70, attention should be paid to the pullback pressure. The price is currently running above EMA7, EMA30, and EMA120, with short-term moving averages diverging upwards, showing a bullish trend.

Zhou Yanling's 9.8 Bitcoin trading strategy:

1. Buy at 110000-110800, stop loss below 109000, target 111500-112500

2. Sell at 113000-112200, stop loss above 114000, target 111300-110400

Zhou Yanling's 9.8 Ethereum trading strategy:

1. Sell at 4380-4340, stop loss above 4430, target 4240-4200

2. Buy at 4200-4240, stop loss below 4150, target 4330-4370

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