Last week's cryptocurrency prices generally fell, and now everyone is most concerned about interest rate cut expectations. September is approaching, and next week's trend is crucial: if it breaks upward on the news of interest rate cuts, it may reach a historic high; if it opens high and continues to fall, there may be a 'black swan'. Therefore, September presents both opportunities and risks for the cryptocurrency market, and it's essential to manage risk well and not follow the crowd blindly. From the market perspective, Bitcoin's daily line has recently experienced a sharp decline followed by a consolidation. August 30 and 31 showed small bearish candles, indicating weak sentiment but no reversal signals. The hourly line is in a descending channel, with both highs and lows decreasing, favoring the bears. The MACD is below the zero axis, and bearish momentum is not exhausted yet; the RSI is around 46, indicating weakness with insufficient buying pressure; the EMA7 and 30 moving averages have formed a death cross, and the price bounces back upon touching the EMA7, indicating a short-term bearish trend.

Today's Bitcoin trading suggestions: Short between 109500 and 110500, with a stop loss set above 111500, targeting around 107500 first; if it continues to fall, then look at around 105000. Long between 107700 and 108500, with a stop loss set below 106500, targeting between 109500 and 110500.