follow the initial jobless claims tomorrow night

Hot News| December 24, 21:30 Initial Jobless Claims in the U.S. for the week ending December 20, ( million ) 2. According to CNBC: Sources familiar with the situation have revealed that U.S. President Trump may appoint a new Federal Reserve Chair in the first week of January next year. Review: After Bitcoin and Ethereum were tortured for two days with low volume horizontal trading over the weekend, on Monday, following continuous declines, there was a brief surge at 8 AM in the Asian market. However, it didn't last more than 3 minutes, and Ethereum again showed short-term high points in a sideways movement. On the market, the main force is grinding retail investors back and forth within a boxed range. After last week's CPI ended, the anticipated interest rate hike from the Bank of Japan did not materialize as expected, which feels more like the end of bad news being good news. Therefore, this week, our focus is no longer on bullish or bearish views, but rather on when a new directional breakthrough will occur, and the first wave of the breakthrough direction is not about getting in, but seeing who gets shaken out. Bitcoin: The key positions for Bitcoin on the 4-hour chart are the resistance levels above at 89100-90600 and the support levels below at 87800-87000. Simply put, until it stabilizes above 89100, any volume-less upward rebounds should be considered as a market correction. Do not rush to chase after a slight rebound; acting impulsively may lead to buying at the peak or halfway up, making it difficult to get out. If the price fails to break above the 89000-90000 range, it is likely that selling pressure will reappear due to the top-bottom conversion. Conversely, if it drops near 87800, it could present a more comfortable entry point. Therefore, don't act on impulse when it rises; instead, observe whether there is an increase in volume and price before making a decision. Likewise, don't panic if it falls; reaching a support level at a critical point could be a good buying opportunity. Overall, the current bearish trend has not been fully corrected, and our main strategy remains focused on short positions, with opportunities for buying on dips using spot or medium-term strategies.

ETH: The second coin is now completely driven by the first coin, and although there has been a short-term bullish rebound in the daily downtrend channel, the resistance around 3070 seems like an insurmountable barrier. Below, the insufficient volume at 2780 has led to a lack of sustainability in the counterattack. Recently, the gold market and the A-share market have further drained liquidity from the market, resulting in a state of stagnation.

Intraday trading outlook (focus on short positions, take short-term long positions at low levels)

1. ETH price 3070-3090 short position Take profit 2930-2850 Stop loss: 3145 2.BTC short position 90600-90300 Take profit 88000-87500 Stop loss: 91300 Statement: Do not easily change stop-loss, and take-profit can be flexibly chosen near the target price. In short, recently, operations should follow the principle of shorting high and longing low, moving with the rhythm of the main force's market washing. The price levels are time-sensitive, and there may be delays in posting, so please refer to real-time market conditions for specifics. In the end, everyone still needs to remember the two key points mentioned in my last article for this week. For short-term trading, the focus is on testing positions. Once we move out of our target range, it will be the last opportunity to ride the big gains before the end of the year. I am K-line Life Tommy, your real-time crypto butler #BTC