September 5
Handsome Guy Research Report—Mainstream Coins
Yesterday, BTC fell again, mainly due to the impact of the Non-Farm Payroll data, which increased expectations of further rate hikes. Currently, on the 4-hour timeframe, there has been a breakout in selling volume, and the Fear & Greed Index is 75. On the daily timeframe, there is a slight increase in volume. We should wait for a pullback and consolidation. For September, the Fed’s rate hike remains a key thing to watch. For long-term positioning, it is still recommended to wait until macro information is confirmed before considering entries. In the short term, if you want to follow in, it is still recommended to wait for a high-short (reversal) opportunity. Once the pullback stabilizes and holds, and after sentiment becomes steady, then follow up.
ETH follows BTC and declines in sync. On the 4-hour timeframe, selling volume has expanded. In recent days, on-chain activity has been hot, which may affect ETH. It may not necessarily move in lockstep with BTC. On the daily timeframe, momentum has not yet shown any clear enhancement. After waiting for consolidation to hold, a light follow-up could be considered.
Fundamental news: The market’s expectation of a Fed rate hike in September has already reached 50%+. Pay close attention to this key information.
Intraday Support/Resistance for Mainstream Coins:
For today’s intraday trend:
BTC support below: 78,000–78,700; resistance above: 80,000–81,000.
ETH support below: 2,400–2,450; resistance above: 2,500–2,530
Handsome Guy Research Report—Mainstream Coins
Yesterday, BTC fell again, mainly due to the impact of the Non-Farm Payroll data, which increased expectations of further rate hikes. Currently, on the 4-hour timeframe, there has been a breakout in selling volume, and the Fear & Greed Index is 75. On the daily timeframe, there is a slight increase in volume. We should wait for a pullback and consolidation. For September, the Fed’s rate hike remains a key thing to watch. For long-term positioning, it is still recommended to wait until macro information is confirmed before considering entries. In the short term, if you want to follow in, it is still recommended to wait for a high-short (reversal) opportunity. Once the pullback stabilizes and holds, and after sentiment becomes steady, then follow up.
ETH follows BTC and declines in sync. On the 4-hour timeframe, selling volume has expanded. In recent days, on-chain activity has been hot, which may affect ETH. It may not necessarily move in lockstep with BTC. On the daily timeframe, momentum has not yet shown any clear enhancement. After waiting for consolidation to hold, a light follow-up could be considered.
Fundamental news: The market’s expectation of a Fed rate hike in September has already reached 50%+. Pay close attention to this key information.
Intraday Support/Resistance for Mainstream Coins:
For today’s intraday trend:
BTC support below: 78,000–78,700; resistance above: 80,000–81,000.
ETH support below: 2,400–2,450; resistance above: 2,500–2,530