9.3

Macro events set the tone for the cryptocurrency calendar in September 2025: Non-farm payrolls (September 5), U.S. CPI (September 11), and Federal Reserve interest rate decision (September 17) are the core anchors determining market expectations. Powell's speech and interest rate cut expectations directly affect the U.S. dollar, stock market, and crypto assets.

BTC
The overall approach remains unchanged. At the current position of Bitcoin, it is important to pay attention to the news coming in the day after tomorrow, while also monitoring whether the level of 112500 can hold. If it cannot hold, one should pay attention to the possibility of a second bottom on the daily chart. If the second bottom does not break 107200, then it would be a good time to enter the market. Looking at the intraday perspective, there will be small-scale fluctuations upwards, with a key focus on the level of 112500. If it breaks, it will continue to rise; if it does not break, attention should be given to the downward risks, with support at 110000-118200 and resistance at 112400-113100.

ETH
Ethereum has been oscillating within the range of chips at its current position. Currently, the daily level is also being supported by the trendline. At this time, we need to pay attention to the smaller timeframes. There is a potential for a bottom divergence at the four-hour level. As long as the four-hour position can stabilize above 4412, it is highly likely to move upwards. Therefore, from an intraday perspective, it is likely to predominantly oscillate and trend upwards. Keep an eye on whether the four-hour divergence will form, with support at 4276-4225-4100 and resistance at 4390-4412-4485.