Nonfarm payrolls will not be released on Friday, so be cautious about sharp drops with tonight’s PCE data! 12.5 BTC & ETH Evening Trading Strategies

Although Wednesday’s ADP numbers missed expectations, US stocks still rallied. Yesterday’s initial jobless claims also missed expectations, but stocks still edged higher. The current market is led by bulls, so be cautious about aggressive selling. Friendly reminder: Nonfarm payrolls will not be released tonight; instead, PCE will be announced—stay tuned! This month’s early long positions brought in big profits, Wednesday’s short positions grabbed 2,000-3,000 points, and yesterday’s retracement long strategy resulted in small profits as we exited!

From a technical perspective, after two bullish candles for BTC and ETH, there was a bearish close this morning, but with a long lower shadow. Prices found support at the MA5 and MA10. The drop has stalled, and with rising expectations for Fed rate cuts, the evening strategy remains to buy on retracement!

12.5 Evening Long Strategy:

BTC: Buy on retracement to 90,500-91,000; for a more conservative entry, wait for 89,500-90,000; stop loss near 89,000; targets at 92,000-93,000-94,000; if it breaks out, look at 94,500-95,000-95,500-96,000; continue trailing your stop and lock in profits as needed!

ETH: Buy on retracement to 3,070-3,110; for a more conservative entry, wait for 3,000-3,030; stop loss near 2,950; targets at 3,170-3,200-3,250; if it breaks out, look at 3,300-3,350-3,400; continue trailing your stop and lock in profits as needed!

12.5 Evening Short Strategy:

BTC: Sell on a rebound to 95,000-95,500; stop loss near 96,500; targets at 94,000-93,000; if it breaks down, look at 92,500-92,000-91,500-91,000; continue trailing your stop and lock in profits as needed!

ETH: Sell on a rebound to 3,320-3,350; stop loss near 3,400; targets at 3,280-3,250; if it breaks down, look at 3,200-3,170-3,150; continue trailing your stop and lock in profits as needed!

Early month bottom-picking matched expectations, but unfortunately liquidated the counterparty, otherwise the trade would have netted over 10,000 points. ETH also exited early. Currently, BTC is consolidating at a high level; if there’s no deep retracement, ETH could catch up to 3,500 or even above 3,600. Be cautious about aggressive selling! #十二月行情展望