Analysis on the evening of September 3rd



From the perspective of the market, the daily chart of Bitcoin has closed with gains for two consecutive days, and the K-line body is gradually expanding, indicating that bullish strength is continuously increasing. The current short-term trend is leaning towards bullish, but it must confront strong resistance formed by previous high points in the 112000-113000 range.

Xiangzi believes that if he can successfully stabilize in the range, there is a high probability that it will open up new upward space; conversely, it may return to range fluctuations. The evening strategy still focuses on buying on dips, and it is necessary to pay close attention to the breakthrough of key resistance levels before adjusting subsequent operational strategies.

Operation Suggestions

Long positions in the range of 110300-110800, with a target looking at around 111700-112300.

Long in the range of 4280-4310 for Ethereum, targeting around 4350-4380 #Gate 新上线 WLFI
ETH-3,36%
BTC-1,65%
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