Operation and Investment Suggestions

1. Short-term Strategy

◦ Bitcoin: Focus on the breakout direction of the $115,000-$116,000 range. If it stabilizes above $116,000, a small long position can be tried, with a stop-loss at $113,000.

◦ Ethereum: If the support level of $4,455 is effective, a rebound can be arranged, with a target of $4,700 and a stop-loss at $4,300.

◦ Altcoins: Prioritize projects with clear technical breakthroughs (such as Solana, Sui) and avoid high-leverage contract trading.

2. Medium to Long-term Layout

◦ Policy-sensitive Opportunities: Pay attention to the progress of the inclusion of blockchain in the UK-US tech agreement. If successful, it may boost crypto stocks in Europe and the US (such as Coinbase, Galaxy Digital).

◦ Technical Dividend Tracks: The Ethereum ecosystem after shard upgrades, RWA, and quantum-resistant projects (such as Zcash) have long-term potential.

3. Risk Control

◦ Position Management: Total position should be controlled within 50% to avoid excessive concentration.

◦ Compliance Path: Mainland investors can use the Guangdong-Hong Kong-Macao Greater Bay Area pilot for compliant allocation, prioritizing licensed institutional products.

Important Event Preview

• September 18: SEC makes a final ruling on BlackRock's Bitcoin ETF.

• September 20: Consensus 2025 conference held, expected to release the Ethereum shard upgrade roadmap.

• October 1: China's 'Cross-Border Digital Payment Regulatory Measures' officially implemented, affecting the cross-border transfer limits of cryptocurrencies.

Investors are advised to closely monitor regulatory policies and technological developments, flexibly adjust strategies, and avoid chasing highs and selling lows. In a high-volatility environment, combining spot positions with hedging tools (such as options and futures) can effectively reduce risk. $BTC $ETH $BNB #加密市场反弹