Tariffs Extended, US Stocks Weaken, Yesterday's Short Positions Made a Big Profit! 8.6 Bitcoin Trading Strategy

Yesterday, Trump stated that the tariffs on semiconductor and pharmaceutical imports to the US will be announced 'around next week.' This move is part of the current administration's efforts to reshape global trade and target key economic sectors. US stocks continued to decline, closing down over a hundred points. The short-selling strategy provided yesterday perfectly matched the price trend, capturing a first wave of a 1500-point drop in Bitcoin and over 50 points in Ethereum. In the afternoon, it continued to short, capturing nearly 2000 points in Bitcoin and close to 100 points in Ethereum. This wave made a big profit!

From a technical perspective, after two consecutive daily gains, the market once again closed with a loss, and this morning showed a downward inverted candlestick with a long lower shadow. The Bollinger Bands still appear to be opening, the KDJ lines are pointing down again, and the MACD lines are also continuing downward. The daily chart remains bearish, but the four-hour indicators show a need for a rebound, so intra-day focus on the resistance in the 115000-115600 range. Maintain the strategy of shorting on rebounds! Key resistance levels to watch above are 115000, 116000, 117000, 1189000, and 119500, while key support levels below are 112600, 111800, 111200, and the 110000 mark.

8.6 Bitcoin Trading Strategy: Aggressive traders can enter short positions on rebounds at 114300-114800, while conservative traders can enter short positions at 115200-115600, with a stop-loss above 116300. The target is near 113500-113000-112600, and if it breaks down, watch for near 112000-111800, and continue moving the stop-loss based on the situation!

8.6 Ethereum Trading Strategy: Aggressive traders can enter short positions on rebounds at 3650-3680, while conservative traders can enter at 3700-3730, with a stop-loss near 3760. The target is near 3600-3570-3540, and if it breaks down, watch for near 3520-3500, and continue moving the stop-loss based on the situation!

Long Position Strategy: For Bitcoin, enter a long position on the first pullback at 111500-112000, with a stop-loss near 111100. The target is near 11300-113500-114000, and if it breaks down, move the stop-loss based on the situation!

For Ethereum, enter a long position on the intra-day pullback at 3400-3430, with a stop-loss near 3370. The target is near 3480-3500-3530-3550, and if it breaks down, move the stop-loss based on the situation!

Although the probability of a rate cut by the Federal Reserve in September has increased, a rate cut is only due to severe issues like economic recession and inflation. The Federal Reserve will step in to save the market. Everyone should be cautious about chasing prices! #美国加征关税 #特朗普计划宣布新美联储理事