12.16 BTC ETH Market Analysis
Last night, the market experienced another wave of decline. We shorted from 3170 all the way down to 2990. Although it dropped to around 2890 at its lowest, we only took positions we could see, selling to ensure profit. Today, the market continues to decline, and it just hit a low of around 2870. A 15-minute candle has pushed down, so for today, we still expect a rebound after some fluctuations. Since there will be non-farm payroll data released tonight, we will not provide entry points today.
Regarding the daytime market, we are still looking at an upward trend with fluctuations. There might be a rebound before the non-farm data is released. Currently, the short liquidation levels are distributed around 2980 and 3030. If the market starts to rise before the data release, it is highly likely to reach these two liquidation points #ETH .
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