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On December 18 at 21:30, the U.S. November unadjusted CPI year-on-year will be released.
On December 18 at 21:30, the number of initial jobless claims in the U.S. for the week ending December 13 will be announced (in ten thousand).
Review: Last night, after the U.S. stock market opened, the three major indices opened high, but then quickly fell due to Oracle's performance, and the three indices continued to decline. Bitcoin and Ethereum also experienced short-term volatility. In the previous share, Tommy pointed out the reference range of 2880-2830 for long positions, accurately hitting the target of 3030, gaining 150 points. During the day, Bitcoin and Ethereum also showed low-level sideways fluctuations. From the current trading volume, the main orders are continuously sweeping up near 2800. In the evening, we only need to pay attention to the CPI announcement and wait for the main funds to confirm the bottom repair choice decisively and quickly. In summary, today and tomorrow are the decisive days for news. A slight misstep could lead to being swept away by the main force.
BTC: From the intraday trading volume, the fluctuation range is 4600 points, from a high of 90000 to a low of 85500. Many people, once they choose a poor position, will be caught in a squeeze. The structure on the chart and on-chain has already exposed the main force's intentions in advance, with a large amount of liquidation range set up from 88500-85000. The market seems calm, but it is actually the calm before the storm, waiting for the news to land before first killing the shorts and then the longs. The 4-hour level has been in a narrow range of 87800-86000. The upper pressure at 90000 is a solid resistance after the previous decline, while the lower 85000-84000 is the last defense area. Once it breaks, it is highly likely to test the 80000 integer level.
ETH: The chart appears weaker compared to Bitcoin, with the upper level of 3000-3030 being a persistent barrier, while the lower level at 2780 has been unable to provide volume for a rebound. If Bitcoin weakens again, Ethereum will likely return to the range of 2780-2680.
Today's operational thought can be summarized in one sentence: Don't act until you see the rabbit; patiently wait for the news to land before seizing the rebound or high short positions. Do not get anxious and gamble on direction, giving chips to the main force.
The operational range still follows the points mentioned in the previous article. If it doesn't go up at the pressure level or if the support level below is not broken, quickly take profits.
I am Tommy, bringing you the latest market interpretations and trading ideas every day.
The points 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 deviate from our target range, it will be the last opportunity to make significant gains before the end of the year. I am K-Line Life Tommy, your real-time crypto steward.
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Mainly focused on spot, contracts, BTC/ETH/ETC.
Specializes in style: K-line trading.
Innovative volume trading strategy.
Short-term swing highs and lows, medium to long-term trend positions, daily extreme pullbacks, weekly K-top predictions, monthly head predictions.
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