Bottom fishing at the beginning of the month for ten thousand-point potential; intraday short positions yield profit; thoughts for the night of 12.3

The ADP employment data came in below expectations, and before the US stock market opened, the bears started to exert pressure on crypto prices. The intraday short setup was extremely precise, currently giving 1,500-2,000 points of range. If you followed, you can now move your stop loss to lock in profits, or take profits first and wait for a rebound to re-enter! Unfortunately for ETH, the 3,100 order missed by just a few points; otherwise, this move would have easily yielded 70-80 points!

Thoughts for the night of 12.3:

BTC: If it rebounds to 93,500-94,000, continue shorting, with a stop at 95,000. Target 92,500-92,000 area; if broken, look for 91,500-91,000. If it continues to break down, move stop loss to preserve profits as appropriate!

ETH: If it rebounds to 3,100-3,130, short one lot, stop at 3,180. Target 3,050-3,000 area; if broken, look for 2,950-2,920-2,900. If it continues to break down, move stop loss to preserve profits as appropriate!

Long position setup:

BTC: If it pulls back to 89,500-90,000, go long one lot, stop at around 88,500. Target 91,000-92,000-92,500; if broken, look for 93,000-93,500-94,000. If it continues to break up, move stop loss to preserve profits as appropriate!

ETH: If it pulls back to 2,850-2,880, go long one lot, stop at around 2,810. Target 2,930-2,950-3,000; if broken, look for 3,050-3,080-3,100. If it continues to break up, move stop loss to preserve profits as appropriate!

The bottom-fishing strategy on the 1st of this month was extremely profitable, wiping out the opposing side’s longs. Otherwise, this BTC trade would have directly captured a ten thousand-point range. Currently, the market is experiencing wide fluctuations, and with the ADP data being bearish for US stocks, it’s better not to be overly bullish for now!
#十二月行情展望