Analysis of ETH BTC market on September 4, layout in advance, the overall direction this week is bearish!

The strategy released on Monday is very accurate. Ethereum has a 60-point profit, a 300% profit. Yesterday also ushered in a big drop. At the end of last month, the overall general trend of this month was analyzed. From Figure 1, you can clearly know why there was a big drop yesterday. It can be said to be very accurate.

The ETH trend chart is shown in Figure 1: This is an overall general trend chart. Basically, it will pull back downward when it touches this trend line. Yesterday's highest point of 2564 was just close to the trend line and was under pressure, so it will definitely pull back downward. This is why this position will drop by more than 200 points. The trend line is constantly moving downward. The best position for shorting next time is around 2530. If you rebound to this position to short, the decline will be relatively large. You can focus on the area around 2530.

BTC 4-hour technical indicators are shown in Figure 2: KDJ is rising and going down, MACD is also continuing to close in red and moving downward, and the divergence structure is strongly bearish. Recently, Ethereum has followed Bitcoin, so you can just look at Bitcoin technical indicators. The upper pressure of Ethereum is around 2417. This wave of decline may continue to close the double bottom structure this week and continue to look at around 2300. So it is more appropriate to go short near this position 2417 tonight, mainly high.

ETH evening strategy: short near the rebound 2410-2420, the target is around 2345, and the downward pin is below 2400. Detailed guidance is coming soon. Those who do Ethereum can click to follow.