#美国非农就业数据表现强劲 Morning Observation on December 17: Bulls are losing momentum, and the dominance of the bears remains unchanged. Caution is advised when considering bottom fishing at this time.

Last night, after breaking through 88,000, the price immediately turned downward. The subsequent rally did not continue and instead got stuck in a high-range oscillation. Multiple attempts to push higher failed, and now the price has fallen back to around 87,700. This directly reflects a serious lack of bullish intent, and behind the agitation, there is an implied "preparing for decline" sentiment.

Technical analysis breakdown:

On the 4-hour chart, the price has consistently been below the middle line of the Bollinger Bands, with the entire channel gradually moving downward. Each rebound has been progressively suppressed;

The MACD indicator is below the zero line and has formed a death cross signal, indicating that energy release has not weakened but instead shows signs of acceleration.

The current rebound is more of a technical correction within a downtrend rather than a trend reversal. The core judgment is simple: the rhythm remains bearish, and the risk of bottom fishing clearly outweighs the potential reward.

Trading reference directions:

$BTC: The 88,000-88,200 range presents obvious resistance. If the rebound approaches this area, consider a short position with targets around 87,000-86,500. A break below could lead to further decline toward 85,000.

$ETH: The 2,980-3,000 zone forms a strong resistance above. If the rebound lacks volume, avoid chasing longs. Watch the support levels at 2,900-2,850 to see if they hold.

The biggest risk in trading is "knowing the direction but acting incorrectly." If the market is unclear, avoid heavy positions. Do not chase prices during rebounds; instead, patiently wait for the market to give genuine signals.