Market Overview
Happy Labour Day! While many are enjoying holidays with family or traveling, the crypto market remains active. Here’s a recap of yesterday’s trading and key trends:
- BTC Trade Update: Our recommended BTC rebound short hit the stop-loss point.
- ETH Trade Update: The ETH rebound strategy successfully took profits at the 1740 zone.
Note: My analyses reflect real-time market movements. Adjustments during active trading sessions may not always be communicated immediately. Currently offering personalized trading guidance—reach out if interested.
BTC Contract Technical Analysis
Daily Chart Perspective
- Yesterday’s candle: Small bearish close, forming a consecutive decline pattern.
- Price remains elevated near all-time highs, but momentum weakens (MACD golden cross shrinking).
- Key Alert: Prolonged consolidation without new highs signals potential downside (classic "consolidation-breakout" scenario).
Hourly Chart Insights
- Resistance: 95,200 (yesterday’s high and breakdown point).
- Support: 92,700 (previous low).
- Range-Bound Strategy: Trade reversals at borders with strict stop-losses.
Today’s BTC Trading Plan
- Short Entry: 94,800 zone | Stop-loss: 95,300 | Target: 93,500–93,000.
- Long Entry: 93,000 zone | Stop-loss: 92,500 | Target: 94,500.
👉 Discover advanced BTC trading tactics
ETH Contract Technical Analysis
Daily Chart Perspective
- Mixed single bullish/bearish candles; price stagnates near highs.
- MACD golden cross weakens—watch for divergence.
Critical Observations:
- Sideways action dominates (no breakout/breakdown).
- Hourly charts hint at bearish shifts but lack follow-through.
Hourly Chart Signals
- Resistance: 1,815 (yesterday’s pivot).
- Current uptrend (consecutive bullish candles + MACD bullish cross).
Today’s ETH Trading Plan
- Short Entry: 1,815 zone | Stop-loss: 1,845 | Target: 1,750.
FAQ Section
Q: Why is BTC’s consolidation concerning?
A: Extended highs without breakthroughs often precede corrections as liquidity seeks new price discovery.
Q: How reliable is ETH’s hourly bullish signal?
A: Requires volume confirmation—false breakouts are common in tight ranges.
Q: Should I adjust trades mid-session?
A: Monitor real-time liquidity flows; my analysis provides frameworks, not live signals.
👉 Master ETH volatility strategies
Key Takeaways
- BTC: Neutral-bias within 92,700–95,200. Fade extremes.
- ETH: Bearish below 1,815; bullish above with caution.
- General Tip: Use tighter stops in low-liquidity holiday markets.
Always conduct independent research before executing trades.
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