Non-farm payrolls are hard to interpret, tonight is destined to be a sleepless night! 12.16 Bitcoin Auntie's Strategy

Tonight's non-farm report will include some data from October and full data from November. The October unemployment rate will never be published. Due to the forced leave during the record 43-day government shutdown, staff at the U.S. Bureau of Labor Statistics failed to collect all the necessary data during the survey. During the shutdown, hundreds of thousands of federal employees were also unemployed, which could distort the data results. So tonight's data may be a distorted figure and difficult to interpret!
If the labor market in October and November appears to have sharply deteriorated, and Wall Street recognizes the Federal Reserve's rate cut measures, investors might expect several more rate cuts by 2026. On the other hand, given the few other data points showing improvement in the labor market, if private sector employment growth exceeds expectations, the market may remain skeptical. Perhaps the only situation that would worry investors is signs of a collapse in the labor market—and currently, almost no one predicts such an outcome.
Cryptocurrency prices continued to decline again in the early morning, with Bitcoin falling below 86,000, and Ethereum dropping below 2900. However, during the daytime, prices pulled back a bit. If tonight's non-farm data is positive, prices may rise again tonight, but if the data is negative, it’s hard to say. So, focus on the data performance tonight! Currently, the bottoming and rebounding trend suggests a potential long position!
12.16 Night Long Position Strategy:
Bitcoin retraces to 86000-86500 for a long position, conservative entry at 85000-85500, with a stop around 84000. Targets are around 87500-88000-89000. If broken, look for 90000-91000-92000, and continue moving stop-loss accordingly!
Ethereum retraces to 2900-2930 for a long position, conservative entry at 2830-2860, with a stop around 2800. Targets are around 3000-3050, and if broken, look for 3100-3150-3180, and continue moving stop-loss accordingly!
12.16 Night Short Position Strategy:
Bitcoin rebounds to 91000-91500 for a short, with a stop around 92500. Targets are around 90000-89500-89000, and if broken, look for 88000-87000-86500, and continue moving stop-loss accordingly!
Ethereum rebounds to 3150-3180 for a short, with a stop around 3230. Targets are around 3100-3050, and if broken, look for 3000-2950-2930, and continue moving stop-loss accordingly!
Interest rates have been cut, and recent news lacks positive boosts but also no significant negative news. So, don’t blindly be bearish. Tonight’s data should bring some good market movements—mainly depends on whether the data exceeds or falls short of expectations! #Has the market bottomed out?