Morning analysis on the 9.5

$BTC and $ETH continued the bull market overall in August, but experienced a pullback at the beginning of September. BTC fell from 124,000 to around 110,000, while ETH retraced from nearly 5,000 to 4,300. On the technical side, BTC briefly fell below some moving averages in the short term, but the long-term trend remains intact, with support at 107,000–108,000; ETH is currently below the major moving averages, but due to ETF inflows and high staking rates, the fundamental support is stronger.
Strategically, BTC can be accumulated near 108,000 with a target of 112,000–125,000, and the stop loss can be set below 107,000; the risk-reward ratio is suitable. If it falls below the key level of 107, the market is basically finished in the short term. If ETH breaks through 4,350 or holds above 4,200, a long position can be taken, with a target of 4,700–5,000 and a stop loss at the key support level of 4,200. BTC 107, ETH 4,200, these two positions must not break significantly; if they do, a major market adjustment will occur. Overall, it is recommended to control the position size and dynamically adjust the direction in line with the Fed's interest rate cut expectations. Before the interest rate decision result on the 18th, the probability of narrow fluctuations is high, and it would be good to make some swings around the pressure and support.
Other coins are basically similar, running around the direction of Bitcoin, generally weaker than Bitcoin. Some altcoins may be messing around and flying, but overall the market is still focused on Bitcoin. In this kind of market, you either trade Bitcoin or take a break. If you keep an eye on the market and see some altcoins gaining volume, you can chase them 😅.

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