Tuesday "December 16th" CPI and Non-Farm Double Test???

Currently, as the market continues to digest the Federal Reserve's rate cuts, the US dollar index has repeatedly weakened. Yesterday, BTC replicated last Friday's movement, using the same formula. After the US market closed, it dropped sharply in a waterfall pattern, gradually hitting each target level. Yesterday, a short position was taken around the 90,000 area, which fell to 85,000, earning 4-5k. Ethereum was shorted near 3,180, dropping to 2,870, successfully capturing 300 points.

From the 1-hour chart, technical analysis shows BTC initially forming a double top pattern. The daily chart shows long lower shadows, indicating that short-term upward momentum is still insufficient. The short-term moving averages on the candlestick chart remain oscillating and weak, continuing to show downward space. On the 4-hour chart, the short-term moving averages are also gradually diverging downward.

Tonight, the non-farm payroll data will be released soon. During the day, the market is expected to fluctuate repeatedly. Non-farm data, known as "impure data" by the market, will quickly stir the market once released. Usually, before such data, large swings are more common. Regardless of bullish or bearish sentiment, seize the opportunity and exit quickly. Overly holding positions is likely to be a waste of effort! Recently, we have mainly advised everyone to short on rebounds, small rebounds with small shorts, and bold shorts on big rebounds.

BTC 🎯 87,200-87,600 Short Target 86,000 After breaking down, watch for 85,000-84,000

ETH 🎯 2,960-2,980 Short Target 2,900 After breaking down, watch for 2,850