9.14

This week's moderate CPI and PPI data, along with the surge in unemployment claims, has paved the way for the Federal Reserve to cut interest rates by at least 25 basis points at the September meeting. Trump's tariffs have made everyone reluctant to spend, and the U.S. economy is beginning to decline, especially in manufacturing and construction which are struggling greatly.

BTC
The Bitcoin price continues to consolidate as usual over the weekend. At the current position, it remains mainly oscillating during the day. The outlook remains unchanged: as long as the 114300 level holds, it will still trend upwards. However, there will be slight pullbacks on the hourly and four-hour charts at this level. After the pullback, it will make a four-hour level retracement before choosing a direction. Support is at 114300-113000, and resistance is at 116800-118100.

ETH
Yesterday, the support level given to everyone was 4654. This position has formed a downward pin and has closed up on the daily chart. Currently, it appears that there will still be slight fluctuations around 4654 to 4754. The very important resistance level we are facing now is 4830, along with the resistance level on the weekly chart. Therefore, at this position, everyone can take profits of about 30% in batches, and then wait for the interest rate cut next week to see how market sentiment changes. In summary, the day will mainly be characterized by fluctuations, including the opening of the weekly chart tomorrow. Next, pay attention to whether the position at 4760 can be retested. If it cannot break through, be cautious of a short-term pullback. Support levels are 4630-4565-4485, and resistance levels are 4755-4830.

SOL
Sol has met our expectations, currently reaching 250 USD. Although the market dipped yesterday, it rebounded quickly. Looking at the overall trend, the market has not come to an end. Therefore, we should pay close attention to whether the range between 250 and 253 can hold. Personally, I believe this position will likely undergo a correction, with a slight downward adjustment. So, the closer we get to around 253, everyone can consider moving their stop-loss to support at 236-228 and resistance at 253-263.