#推荐3个你准备抄底或长拿的山寨币种 #八月市场震荡不休，九月行情怎么看？

9.2Ether short position took significant profit over the weekend, follow-up trend analysis and operation strategy!

After Bitcoin touched a high of 65000 on its daily line, it entered a period of weakness in a downward channel, with the rebound momentum clearly weakening. Not only did the high point gradually move lower, but even the lows of the pullback showed a trend of drop. This week, the market was overshadowed by a series of heavyweight economic data, including initial jobless claims, ADP employment report, and the much-anticipated non-farm payroll report on Friday. After the non-farm data was released last month, the unemployment rate unexpectedly surged, directly triggering a Black Monday in global stock markets, and the Bitcoin market was not spared. This time, the market once again focused on the August non-farm report, hoping to find new guidance from it.

In terms of today's market, the early decline in the price of Bitcoin indicates that the bearish momentum may continue for a while. However, in the face of this volatile downward trend, we also need to be cautious and avoid blindly chasing the short side. In previous analysis, I emphasized that in order to form an effective rebound trend, we must see the gradual rise of the low point and firmly hold the key support level of 57500 until the afternoon European trading session. At that time, it may be considered to participate moderately in long positions. However, based on the current technical patterns on the daily and weekly charts, it is clear that they do not support an immediate upward reversal of prices. Although there may occasionally be small rebounds from 57500 to 58800 like in the early morning, the strength is ultimately limited, and today's early decline has once again broken through the low point, approaching the key level of 57000.
#BTC #ETH #比特币
Observing from the daily chart, Bitcoin continues to form a relatively large bearish candle, with the MA5 moving average forming significant resistance in the 58300-58500 range. The weekly chart is equally pessimistic, with a bare large bearish candle glaringly evident, indicating that the path of price rebound will be filled with thorns. The pressure area at the weekly level is concentrated around 59200-59400.

In conclusion, before the release of a series of important economic data this Monday, short-term operations should take the opportunity to rebound, and lay out short positions at 58300-58500, 59000, 59200, etc. Of course, the most ideal shorting position is still close to the level of 60000. At the same time, it is necessary to closely monitor whether the price can fall below the support range of 57000-56000. If this area is also breached, the market may once again test the integer barrier of 50000. However, in actual operations, we should remain flexible and adjust our strategies in a timely manner according to market changes.

As for the Ethereum market, the lowest point today has broken through the 2400 level, which coincides with my previous prediction. In the early stage of the month, we should continue to pay attention to its trend after breaking through 2400. Currently, both are near key support areas and in a continuation of the downtrend, so I do not recommend blindly shorting for now.