Will there be unexpected effects on BTC and ETH on December 17th?

US employment data performed well, but the unemployment rate unexpectedly rose. More people are employed, yet more people are unemployed. Is there an issue with this data?

After two key data releases last night, the market reacted strongly: BTC slightly rose, ETH briefly broke through yesterday's high, and the US dollar quickly retreated. The data clearly reveals economic weakness, which also significantly boosts market expectations for the Federal Reserve to accelerate rate cuts. Under this expectation, short-term positive news triggers a rally, which is a very normal reaction.

Yesterday, we placed a short position around 877. After the non-farm payroll data was released, the market quickly dipped from 877 to around 860 but did not break below 860, then started to rebound. Later in the evening, after breaking below 868, the market continued downward to 867. Overall, our high-short strategy yesterday was sound.

Today, we will first look for long opportunities, then consider short positions.

For BTC, our initial long target is to break through 88,200 to see a move toward 88,700-89,400.

For short positions, consider entering around 886-891. $BTC #ETH走势分析 #比特币