Analyst Liang Qiu: 9.6 Bitcoin Ethereum fluctuates back and forth. The short-term trend has not broken.

Bitcoin and Ethereum have fluctuated back and forth multiple times in recent days, and the overall trend has not broken down. The overall sentiment for Bitcoin is relatively strong, and we will see if it can stabilize around the 109,000 line during the week. Last night, we again saw a market price of 113,200 and 4,470 in the trading strategy, which also retracted significantly as expected, dropping to around 110,150 and 4,250. The overall space is still relatively large, and previous strategies can all be reviewed. Currently, the rebound after the market's decline is weak, and the rise is not obvious, especially with the weekend approaching, where the volatility is noticeably smaller.

From a short-term perspective, the Bitcoin price is currently around 110,900, showing a clear downtrend. On the technical side, a evening star pattern has appeared, with both short-term and long-term moving averages forming a bearish arrangement and a death cross. Market bearish sentiment is strong, and trading volume is extremely low, further reinforcing the possibility of a price drop. However, the BOLL and RSI indicators show that market sentiment is balanced and volatility is normal, which creates a certain contradiction with other strong bearish signals and may limit the decline in the short term.

In the short term for Ethereum, there have been multiple attempts to push above 4500 but faced resistance and retreated, showing a clear downward trend on the 2-hour chart. A Evening Star pattern has emerged, and once it breaks below the key support level of 4250, accompanied by a death cross of the moving averages, it will further confirm the bearish trend. On the daily level, the price is running below the EMA7, showing an overall weakness. However, from the shorter-term 2-hour trend, the bullish momentum of MACD has slightly strengthened, and the EMA bullish arrangement provides strong support, indicating a possibility of a rebound.

Recommendation: Short Bitcoin near 111200 to 111700, target around 109500; Short Ether near 4330 to 4360, target around 4250.

[The above analysis and strategies are for reference only, please bear the risk yourself. The article review and publication do not have timeliness, and specifics are subject to real-time conditions.] #Gate Alpha晒单挑战# #Gate上线Ondo专区现货交易# #非农就业数据来袭#