Opening Position Suggestion December 19th 12:46 2920 Short Limit Take Profit 2820 Close Short … We operate in the direction of the market Price flows like water, and we follow the trend Currently, there are no bullish signals in the fundamentals Looking at the recent sideways performance, liquidity is insufficient After last night's decline, today has pulled back to around 2900 Although the bearish outlook for Japan's interest rate hike seems to have materialized, it is essentially still bearish The 1-hour and 4-hour candlestick charts are in a downward channel After a pullback of nearly 200 points, the resistance northward is greater than the resistance southward Therefore, opening a short position.
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The market volatility triggered by non-farm data has gradually calmed down, with Bitcoin and Ethereum starting to stabilize after a short-term sell-off. The "strong in appearance but weak in reality" characteristic of the data has enhanced market expectations for a Federal Reserve interest rate cut in 2026, providing potential medium to long-term support for cryptocurrencies. Subsequent market reactions (48 hours after data release)
1. Price stabilizes and rebounds
- Bitcoin rebounds to over $87,000, up about 3% from its lowest point Ethereum slightly follows suit but remains below $3,000 In contrast to the decline in U.S. stocks, showing enhanced resilience in the crypto market
2. Technical changes
Bitcoin: Holds key support at $85,000, with the RSI indicator nearing the oversold area, indicating a rebound demand Ethereum: The daily Bollinger Bands are flattening, with prices testing the lower support; the four-hour RSI forms a golden cross, showing initial signs of short-term correction
The November CPI data to be released today will further impact Federal Reserve policy expectations
Investor strategy recommendations
Short-term: Focus on the breakthrough of key price levels at $3,000 (Ethereum) and $86,000 (Bitcoin) Tonight (December 18) at 21:30, U.S. November CPI data will be released, which will be another major economic indicator influencing the crypto market after the non-farm data, and investors should pay close attention.