Macroeconomic

1. The US Ethereum ETF may soon launch staking yield features

2. Coinbase's Bitcoin trading volume decreased over the weekend, and market trading enthusiasm slightly cooled, remaining cautious before any reversal

3. Several Federal Reserve chairs in the US support interest rate cuts—macro-positive

4. The liquidation map shows that long and short liquidation levels are around 94,000 and 98,000 respectively, maintaining a high-level oscillation range in the technical aspect

Technical

ETH

1. The monthly line shows a strong bullish feature as it breaks through multiple lines; the KD indicator has adjusted sufficiently after previous declines, and there is still space for upward divergence

2. The weekly line closed positively and broke through the upper line of the DC indicator, indicating a reversal in long and short positions; the selling pressure above is relatively small, with bulls theoretically targeting previous highs

3. On the daily chart, the arc bottom pattern’s 1:1 space test indicates a bullish target at 4K; yesterday's close was a volume-increasing bearish line, and the candlestick combination leans towards a evening star, but the bearish line has a long lower shadow, undermining the bearish combination—maintain a high-level oscillation mindset

4. Pay attention to the rising wedge + Fibonacci time zone delineation of change window 5 (non-farm payroll day)

5. In the 4H, the KD top divergence has been repaired, and the oscillating trend can rely on KD oversold for long opportunities

Trading mindset: Focus on low absorption in the 3550—3800 range, stop loss at 3450, take profit around 3700—3800