Yueying: Bitcoin and Ethereum Market Analysis for September 4th - Short Position Recommended for Non-Farm Payrolls Night (with Current Short-Term Trading Strategy)

Bitcoin's daily chart shows a strong bullish candlestick followed by a significant upward move, reaching a new high. Intraday trading saw a slight pullback at the open, maintaining a high-level consolidation. The Bollinger Bands are narrowing upwards, with short-term moving averages slightly upward. The MACD lines are converging and parallel, with the red histogram showing slight volume increase. The KDJ indicator is crossing upwards; watch for resistance around 100. The VR indicator is consolidating around 170. On the 4-hour chart, the price has been trending downwards in a volatile manner, currently trading above 80,000. The Bollinger Bands are widening upwards, with short-term moving averages trending upwards. The MACD lines are extending upwards with decreasing volume. The KDJ indicator is turning downwards; watch for support around 50. The VR indicator is consolidating around 140. Overall, the market saw another strong upward surge breaking through the previous high before entering a period of high-level consolidation. Currently, the market is in a state of flux, with a 50/50 probability of a sharp drop or a continued strong rally leading to a short squeeze. Therefore, the short-term outlook is difficult to predict, and only trial positions are advisable. Without a deep pullback, the 83000 level is a key dividing line. This level can also be used as a reference. A rally without a pullback is unhealthy, and subsequent new highs are often accompanied by rapid pullbacks. The 82000 level is a short-term resistance level to watch. Tonight's non-farm payroll data will have some impact on the current structure. Short-term recommendations: Bitcoin: Short at 80700. (Take profits as needed after strategy activation). Ethereum's price action is correlated with Bitcoin. The rebound failed to break the previous high, and it is currently in a high-level resistance zone. Short-term participation is possible in both areas. If a breakout occurs, do not blindly chase the price. Short-term recommendations: Ethereum: Short at 2510. (For more cryptocurrency analysis, click the image to see the homepage introduction and find Yueying) — I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!