As the December 19 interest rate hike by the Bank of Japan approaches, market risk aversion towards the Nikkei index has significantly intensified, and signs of pressure on the index have become increasingly evident, with the risk of further declines gradually accumulating. Meanwhile, U.S. non-farm employment data is about to be released, and market expectations are generally optimistic. If the data performs strongly, it will further reinforce the certainty of the Federal Reserve's interest rate cut path, and global asset prices may face a critical turning point.

From the current market logic, the hawkish signals released by Powell in previous speeches have not yet dissipated. If the non-farm data meets optimistic expectations, the U.S. dollar index is expected to receive support, thereby putting pressure on risk assets. It is noteworthy that U.S. stocks have recently shown signs of a weakening trend, with market sentiment being highly sensitive, just waiting for key catalysts to trigger a phase adjustment.

Focusing on the cryptocurrency sector, BTC shows a significant correlation with the Nikkei index. The overnight market continues to hover below 87000. During the Asia-Europe trading session, it is recommended to adopt a short-selling strategy on rallies, positioning in batches at resistance levels, with a target support level at 83500; for ETH, the 3000 round number has already been breached, and bearish momentum on the technical side is strong, with further exploration towards the key level of 2660 expected. In terms of operations, it is recommended to synchronously adopt bearish positioning to seize the opportunity for a trend decline.

Core trading strategies:

BTC: Position short at resistance levels upon rebound, target 83500, stop-loss reference at 88000;

ETH: Sell short based on the 3000 level, target 2660, strict stop-loss to control risk. $BTC #加密市场观察