9.5

Two data points were released last night.
① The number of initial jobless claims in the United States rose to the highest level since June, further proving that the labor market is cooling down. ② The U.S. August "small non-farm" data fell short of expectations, and interest rate cut bets remain unchanged.
Non-farm payroll data at 8:30 tonight

BTC
Yesterday's thought was that there would be a wave of pullback, and the overall trend yesterday was the same as we expected. Currently, the position is still maintaining a fluctuation. If there is a rate cut in September, then patiently wait for the time node of the fluctuation. Starting from today, some news will gradually be announced. In fact, for the market, it will also create liquidity. The support I provided yesterday was at the integer level of 110,000. From the daily level, although there was a downward spike, it closed above 110,000. Therefore, during the day, the main focus remains on fluctuations, with a fluctuation range between 110,000 and 112,500. From a smaller level, there will be small rebound opportunities during the day. Similarly, pay attention to the four-hour level, which should always stay above the zero axis. It cannot break below the zero axis to continue a small-level market trend. The resistance above is at the position of 112,500. If it does not break through, it will still look for fluctuations. If it breaks through, it will go up a small amount, but the strength will not be very large, with support at 110,000-108,000 and resistance at 112,500-113,100.

ETH
Ethereum's thought for everyone yesterday was that the level of 4485 should not be broken, and we still expect a pullback. Currently, it has reached a very important support level, and the overall idea remains the same: as long as 4222 is not broken, we should pay attention to short-term four-hour opportunities. The bearish momentum at this four-hour level is gradually weakening, so overall, within the day, 4222 amber is likely to have a slight rebound. At the same time, we need to monitor whether the divergence at the four-hour level can effectively form, with support at 4277-4222-4100 and resistance at 4395-4483.