Recently, there has been a net outflow of funds from Bitcoin spot ETFs, and with the growing rumors of a US dollar rate hike, funds are withdrawing from Bitcoin. Judging from Bitcoin's monthly performance, August is almost over. Historically, September is usually not a good month for Bitcoin, and on average it may fall by about 4%.

So what will happen to Bitcoin next? Will it continue to fall?

Recently, the range of Bitcoin's fluctuations is still quite obvious, with support points at about $57,500 to $58,000 and resistance at around $61,000. So on weekends, you can consider buying near the support level and selling near the resistance level. This wave of ups and downs has about 8% space, which is worth paying attention to.

Yesterday, Vitalik sold the Ethereum in his hands. The Ethereum Foundation has always been a weathervane in the industry. Usually, when they sell coins, it means that there may be a wave of selling pressure in the market, and the price may be a short-term high.

Now the key support level of Ethereum's price is $2,500, which is the focus of competition between long and short parties. If it falls below, it may drop to $2,400. The upper resistance level is currently at $2,590, and if it goes up, it is around $2,680. If the price reaches these ranges, you can consider shorting. If the price falls below $2,500 and reaches around $2,400, you can consider going long.

Recently, both Bitcoin and Ethereum have been fluctuating within a range. This market is quite suitable for short-term trading. You can do both. Remember to seize the opportunity.