On December 17th, will BTC and ETH have unexpected effects?

The U.S. employment data performed well, but the unemployment rate unexpectedly rose. More people are working, but there are even more unemployed individuals. Is there a problem with this data?

After the release of two key data points last night, the market reacted strongly: BTC slightly rose, ETH temporarily broke through yesterday's high, and the dollar quickly fell back. The data clearly revealed the weakness of the economy, which significantly increased the market's expectations for the Federal Reserve to accelerate interest rate cuts. Under this expectation, it is completely normal for short-term positive news to drive market rallies.

Yesterday, we positioned ourselves for a short near 877. After the non-farm data was released, it briefly dipped to around 860 but did not break below 860 and started to rebound. Last night, we again took a short position above 88, looking for a break below 867. Overall, yesterday's high short strategy was correct.

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

For BTC, we suggest looking for a long position, aiming for a breakout at 88200 to target 88700-89400.

For short positions, we will enter near 886-891. (Manage your stop-loss according to your position size) $BTC #巨鲸动向