9.5 Morning Analysis

From an overall perspective, the four-hour chart shows a long upper shadow. Although there is a strong rebound, it has not continued to break the high effectively, indicating a trend of bullish momentum being exhausted. Currently, the lower band of the Bollinger Bands is gradually recovering upwards, and the price action is rebounding with the middle band acting as resistance. Therefore, we need to monitor the breakout situation of the middle band for the day's rhythm. If it holds, we will focus on the rebound; if it breaks, we will follow the trend.

Bitcoin is trading around 110900-111000, looking at 112000.

Ethereum is trading around 4290-4300, looking at 4400#美联储降息预期 .