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On December 18 at 21:30, the U.S. will release the unadjusted CPI year-on-year for November.
On December 18 at 21:30, the U.S. will announce the number of initial jobless claims for the week ending December 13 (in ten thousand).
Review: On Tuesday (December 16) local time, the U.S. Bureau of Labor Statistics released a report stating that the non-farm payrolls in the U.S. for November slightly exceeded expectations. The Federal Reserve will hold its first interest rate meeting of 2026 in January next year. The market generally expects that the probability of the Federal Reserve continuing to cut interest rates is low. After the non-farm data was released, Bitcoin quickly fell, dipping to around 86,000, while Ethereum dropped to a low of 2,880.
The pattern of falling every Monday has once again been confirmed. Yesterday, Bitcoin also rebounded from the support level I provided, but then quickly fell again when it reached the resistance level at a high, further indicating that the overall market liquidity remains weak. In the previous article, Tommy emphasized that ahead of Thursday's CPI and Friday's announcement of interest rate hikes by the Bank of Japan, market funds are more inclined to hedge in advance. The fluctuations seen in the market are also due to short-term speculative funds entering and exiting quickly. Those who followed our trading rhythm this week have made significant profits, and of course, those genius traders who did not keep up should not feel regret. Today, Tommy will once again outline the key levels for Bitcoin and Ethereum.
BTC: Bitcoin is currently repeatedly testing the bottom of the selling pressure volume sentiment near the bottom of the 12H level. The 4H structure is also in a contracting downward trend. The overall direction is still dominated by bears. Today's intraday operations will focus on two key ranges: the upper range is 88,000-89,000, which is also the pressure zone from yesterday's high and serves as the primary target for our short positions. The lower range of 85,000-83,500 is also a short-term support zone, and an important defensive area at the mid-term level. It is also a true emotional pressure zone, so the strategy for Bitcoin is to focus on short positions during rebounds and to go long at lower levels for short-term pullbacks. As always, in the short term, do not expect to capture a large bullish candle in one go; quick entry and exit is the first element of rhythm and discipline.
ETH: Ethereum is currently relatively smarter than Bitcoin, with a weaker rebound compared to Bitcoin, but its decline is still primarily driven by Bitcoin's speed. The upper range to watch is the short-term pressure zone around 3,030. The lower range of 2,850-2,830 is the defensive area for bulls. If the price again approaches 3,030 and fails to break above with volume, that will be our primary target for entering short positions. The timing of operations can refer to Bitcoin's movements. Only after Ethereum has pulled back to the 2,880-2,850 range two or three times for accumulation and then rebounds will the possibility of breaking above increase. Pay attention to the volume and price transaction situation; only when volume and price rise together will the short to mid-term rebound have sustainability.
Intraday trading view (focus on short positions, do not think about bottom fishing. Bottom fishing only fuels the bears.)
- Enter long positions near the ETH price of 2,880-2,830, with a stop loss at 2,800 and a take profit target of 2,930-3,030. Enter short positions at 3,030, with a stop loss at 3,085 and a take profit target of 2,930-2,880.
- Enter long positions near the BTC price of 85,500-85,000, with a stop loss at 84,700 and a take profit target of 87,800-89,000. Note: If the take profit level is reached without breaking the previous high, it is a signal to enter short positions again. In summary, recent operations should follow the strategy of shorting high and going long low, moving with the main force's rhythm.
The levels are time-sensitive, and there may be delays in posting, so please refer to real-time market conditions. Lastly, everyone should remember the two key points I mentioned in my previous article: focus on trial positions in the short term, and once we move away from our target range, it will be the last opportunity to make significant profits before the end of the year. I am Tommy from K-line Life, your real-time crypto steward.
For more related coin analysis, please follow the official account for details.↓
Mainly focused on spot, contracts, BTC/ETH/ETC.
Specializing in style: K-line trading.
Original trading strategy based on volume.
Short-term wave highs and lows, mid to long-term trend positions, daily extreme pullbacks, weekly K-top predictions, monthly head predictions.
Official account QR code (K-line Life Tommy)
Warm reminder: The official account at the end is the only one personally created by the author!!
Please be cautious in distinguishing between true and false, thank you for reading!
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