Non-farm payrolls beat expectations, unemployment rate rises to the highest in four years, small profit on longs! 12.17 Bitcoin Auntie's Strategy

The non-farm payrolls exceeded expectations, but the unemployment rate increased to the highest in four years. These two data points are contradictory, and then Trump claimed that interest rates could be lowered further. The price correction is not large, but the rebound strength is also relatively weak. All the long positions given yesterday can be executed, Ethereum can gain 30-60 points, Bitcoin can only gain a thousand or so points! The volatility is not big, so you can set a breakeven stop-loss or take profits, and wait for a retracement to re-enter!

The daily chart shows Bitcoin closing with a long upper shadow bullish candle, Ethereum closing with a long lower shadow doji, which indicates a potential rebound in a downtrend. Be cautious of falling! Today's strategy is to buy on retracement!

12.17 Long Position Strategy:

Bitcoin retraces to 86000-86500 to go long, conservative traders can enter at 85000-85500, with a stop near 84000. Target around 87500-88000-89000, breaking above targets can move stops to protect profits towards 90000-91000-92000, and continue to move stops accordingly!

Ethereum retraces to 2900-2930 to go long, conservative traders can enter at 2830-2860, with a stop near 2800. Target around 3000-3050, breaking above targets can move stops to protect profits towards 3100-3150-3180, and continue to move stops accordingly!

12.17 Short Position Strategy:

Bitcoin rebounds to 91000-91500 and shorts one lot, with a stop near 92500. Target around 90000-89500, breaking below targets can go further down to 89000-88500-88000.

Ethereum rebounds to 3180-3200 and shorts one lot, with a stop near 3230. Target around 3100-3050, breaking below targets can go further down to 3000-2950.

The price broke below the daily lower band and then rebounded. Although the overall trend is weak, there is no very bearish news to suppress the price, so don't blindly look for short opportunities! Recently, liquidity is very low, so pay more attention to capital flows! #BTC行情分析