Can the initial jobless claims tomorrow break the deadlock?

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December 24 21:30 Initial Jobless Claims in the US for the week ending December 20 at ( million )

2. According to CNBC: Sources familiar with the situation revealed that President Trump may appoint a new Federal Reserve Chairman in the first week of January next year.

Review: After Bitcoin and Ethereum languished in a low-volume sideways trend over the weekend for two days, on Monday, following a continuous decline, the Asian market at 8 a.m. saw a quick short-term rise. However, it didn't last more than 3 minutes, and Ethereum again showed a short-term high and sideways movement during the day. On the market, the main players are keeping retail investors trapped in a range, causing back-and-forth friction. After last week's CPI, the anticipated interest rate hike from the Bank of Japan did not materialize as expected, giving a feeling that bad news has been fully priced in, which is more of a positive sentiment. Therefore, this week, our focus is not on bullish or bearish views, but rather on when a new directional breakout will occur. The first breakout direction is not about getting in, but rather about who remains in the game without being shaken out.

Bitcoin: The key levels for Bitcoin on the 4-hour chart are the resistance levels at 89100-90600 above, and the support levels at 87800-87000 below. Simply put, as long as it hasn't stabilized above 89100, all the volume-less upward rebounds should be considered as a market correction. You should never chase after a slight rebound; impulsiveness may lead you to buy at the peak or halfway up, making it difficult to get out. If it can't rise above the 89000-90000 area, there is a high probability that it will face selling pressure again. If it drops to around 87800, it could actually be a more comfortable entry point. So don’t act impulsively when it goes up; wait to see if there’s an increase in volume and price before making a decision. And if it drops, don’t panic; reaching the support level at the turning point could actually be a good buying opportunity. Overall, the current trend of bearish decline has not yet been fully corrected, so our main strategy is still to focus on short positions, while looking for opportunities to enter at lower levels with either spot trading or medium-term layouts.

ETH: The second pie is now completely following the rhythm set by the big pie. Although there has been a short-term bullish rebound in the daily downtrend channel, the upper level around 3070 seems to be an insurmountable barrier. The lack of volume below 2780 has resulted in the failure of the counterattack to maintain itself. Recently, the gold market and the big A have further drained the market's liquidity, leaving it stagnant.

Intraday trading perspective (focus on short selling, with some ultra-short buys at low levels)

1. ETH price 3070-3090 short position Take profit 2930-2850 Stop loss: 3145
2. BTC 90600-90300 short position Take profit 88000-87500 Stop loss: 91300 Statement: Don't easily change stop-loss, while take-profit can be flexibly chosen near the target level. In summary, follow the high short and low long strategy in recent operations, and move according to the rhythm of the main force washing the market.

The points are time-sensitive, and there may be a delay in posting, so please refer to the real-time market for specifics. In the end, everyone should remember the two key points I mentioned in my previous article this week: for short-term trading, the focus is on testing positions. Once we move away from our target range, it will be the last opportunity to get in for significant gains before the end of the year. I am K-line Life Tommy, your cryptocurrency real-time steward.