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Analyst Liang Qiu: Bitcoin and Ethereum surged again on September 4th and then fell back, with further room for decline.

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Bitcoin and Ethereum prices surged again last night, then retreated in the morning after a night of volatility. As of now, the lows reached around 110,600 and 4,370. We repeatedly reminded investors of the Kongdan strategy last night, especially with multiple videos suggesting Kongdan entry points above 112,000 and 4,470. Overall, there's still considerable room for improvement. Prices have fallen below the four-hour middle line. The wide range of fluctuations in prices won't stop there; further pullbacks are expected to test support at 109,000 and 4,280. The daily candlestick chart shows recent price fluctuations at a high level, with yesterday's formation of a bullish candlestick with a long upper shadow, indicating heavy selling pressure from above. The four-hour chart shows consecutive bearish pullbacks, weakening bullish momentum in the short term. Technical indicators show negative DIF and DEA readings on the four-hour chart, and the MACD histogram has turned from green to red, indicating a bearish advantage. However, the daily chart remains near zero, maintaining a stalemate between bulls and bears. Trading suggestions: Continue buying into Bitcoin around 111,000 to 111,500, with a target around 109,000; continue buying into Yitai around 4,400 to 4,430, with a target around 4,300. In fact, recent continuous profit-making strategies have been clearly visible to many followers. The current market is primarily volatile, so the effectiveness of this article is paramount, with real-time guidance being the primary focus.
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