September 8th, Monday
First state the viewpoint and then discuss the position. This week's starting capital is 37000.
Last week's Bitcoin has already recovered from the lowest point near 107 in a four-hour level rebound. Although it briefly broke the 110000 mark early Saturday morning, it quickly recovered. From a four-hour perspective, this week still maintains a low bearish outlook. The only thing to note is that last week's weekly closing did not show a recovery trend, meaning that the position of 113600 may not be broken this week, and there is a possibility of continued oscillation and decline. If broken, this week's rebound target can look towards the vicinity of 117000. Additionally, if it breaks below 110000 again, the rebound slope line maintained last week will also reverse, so we will operate the low bearish outlook around the 110000 mark.
The rebound trend of ETH has not recovered; compared to before, the rebound has weakened. This week, it still needs to break the 4500 rebound strength to recover. The small-level rebound recovery still needs to break through the two positions of 4340-4430 step by step. It is recommended not to layout simultaneously with Bitcoin during the day. After breaking 4340, consider entering after a pullback that does not break 4300, or enter near 4250 during a pullback.
Above
BTC
111000-110300 bearish Position 3%+3%
Target ①: 111800
Target ②: 113400
Target ③: 115000
Defense 109800.
