Yueying: Analysis of Bitcoin and Ethereum's market on September 3rd: Waiting for the non-farm payroll data to change the short-term volatility pattern

Bitcoin Technical Analysis: Bitcoin's daily candlestick chart shows the previous candlestick breaking through the 7-day moving average. The intraday opening price fluctuated above the 7-day moving average. The Bollinger Bands are narrowing, indicating a downward turn in the short-term moving average. The MACD fast and slow lines are extending downward, indicating a turning point. The volume bar is shrinking, and the KDJ crossover is upward. The VR indicator is consolidating around 80. On the 4-hour chart, the market has broken through the 60-day moving average. The Bollinger Bands are opening, indicating an upward trend in the short-term moving average. The MACD fast and slow lines are breaking through the 0-axis, with the volume bar turning shrinking. The KDJ has encountered resistance and turned downward. The VR indicator is consolidating around 160. Overall, the market has rebounded, but has not broken out of the downward trend. Short-term support lies above the previous low, while resistance lies around the 4-hour EMA 200. Short-term market volatility may have to wait for news releases on Thursday and Friday to break through. This week, focus will be on tomorrow night's ADP and initial jobless claims data, as well as Friday's non-farm payroll data and unemployment rate. These news releases will usher in new market trends, so here's our short-term strategy. Short-term Bitcoin recommendations: short at 113,000, long at 108,800 (profits are discretionary upon activation of the strategy). Yitai is fluctuating between 4200 and 4400 in the short term. On the daily chart, watch for a breakout of the 7-day moving average and the middle moving average. Focus on support around 4200. If this breaks, look for support around 4100. Overall, the market remains weak as it cannot break above 4500. See short-term recommendations. Yitai's short-term recommendations: short at 4378 (short at 4470), long at 4250 (long at 4138) (For more currency analysis, click on the image to view the homepage profile). —I'm Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, please discuss and learn with me! Let's share and profit together!