Reasons for the rise in the early morning market: Trump's bill and favorable unemployment data ignited the market. Bitcoin surged sharply, breaking through multiple levels, reaching a maximum of 117500; Ethereum also did not want to be outdone, soaring to 3935.

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Previous high resistance faced: When the price attempted to break through the previous high resistance level, it failed and turned back directly, indicating that bullish strength encountered strong resistance near the previous high, showing a lack of momentum in the attack.
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MACD Indicator Momentum Weakening: Although the MACD indicator is in a golden cross state, the red bars are elongating with weakness, and the distance between DIF and DEA is gradually closing, indicating that the bullish momentum is gradually exhausting and the market lacks sufficient upward power.
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The moving averages are in a bullish arrangement, but short-term overbought: although the moving average system shows a bullish arrangement, the short-term overbought signals are strong, indicating that the market has risen too quickly in the short term, accumulating a significant amount of profit-taking, and there is a considerable demand for a pullback, with bearish forces potentially launching a counterattack at any time.

Bitcoin 117500-118000 target 116000-114800
Two cakes 3930-3960 target 3850-3780
Key point: Remember to have good defense! #晒出我的Alpha积分 #Gate & WLFI USD1 积分计划将上线 #ETH巨鲸增持 #USD1 积分计划即将上线 #九月降息预期