Yueying: Bitcoin and Ethereum Market Analysis for September 11th - Will CPI be the Trigger for a Market Turning Point? (Short-Term Strategy Included)

Bitcoin's daily chart shows a continuous decline, testing the 76,000 level before closing with a solid bearish candlestick. The intraday opening failed to continue the rebound, resulting in a volatile upward correction. The Bollinger Bands are flat, short-term moving averages are trending downwards, the MACD fast and slow lines are moving downwards with increasing volume, the KDJ is extending downwards, watch for support near the 0 level, and the VR indicator is consolidating around 160. On the 4-hour chart, the price found support at the lower Bollinger Band and rebounded, currently testing short-term resistance around the 7-period moving average. The 4-hour Bollinger Bands are trending downwards, moving averages are also turning downwards, the MACD fast and slow lines are slightly turning upwards with decreasing volume, the KDJ found support near the 0 level and crossed upwards, and the VR indicator is consolidating around 60. Overall, the price retraced to test the previous low support level without breaking it, maintaining a high-level range-bound structure. Tonight's CPI data is expected to trigger a trend reversal. In the short term, a downward test is anticipated, but be aware of potential sharp price spikes and pullbacks. Short-term resistance is around 79,000. Short-term recommendation: Short Bitcoin at 78,550. (Strategy activation, take profits at your own discretion) Ethereum's trend is similar to Bitcoin's, maintaining a high level. Technical analysis can be used as a reference only. Today's focus is still on short-term fluctuations caused by news; whether this will be the trigger for a trend reversal remains to be seen tonight. Continue to watch the previous high area for resistance; see short-term suggestions. Ethereum short-term suggestion: Short at 2505. (Strategy activation, take profits at your own discretion) — I am Zhou Yueying, a teacher specializing in technical analysis. Friends with any questions about trading or trends are welcome to discuss and learn with me! Let's exchange ideas and profit together!