The market is concerned that nominating Hassett as Fed Chair could trigger a rate-cut storm, with Bitcoin consolidating at high levels and Ethereum catching up cautiously—trading ideas for BTC and ETH on 12.4

Several Wall Street giants have made it clear to the US Treasury that they are deeply worried about the possible nomination of Hassett as the next Fed Chair. Investors fear that if he leads the Fed, he may aggressively cut rates to please Trump, undermining the central bank’s independence and triggering turmoil in the bond market. Yesterday’s ADP jobs data was below expectations, and before the US stock market opened, crypto prices dipped sharply, matching the bearish strategy shared for Bitcoin, which easily captured a thousand or two points. Ethereum rallied late, and unfortunately, my short was stopped out!

From a technical perspective, both BTC and ETH closed with bullish candles again, showing signs of stabilizing at the mid-band. Indicators like KDJ and MACD are both forming golden crosses and moving upward, suggesting an overall bullish trend. Coupled with a significant increase in the probability of a Fed rate cut in December, the intraday strategy remains buying on pullbacks. Focus on this Friday’s Nonfarm Payrolls data!

12.4 Long Strategy:

Buy BTC on pullback to 91,000-91,500; for a more conservative entry, wait for 90,000-90,500. Set stop-loss near 89,200. Targets: 92,500-93,000-93,500-94,000. If it breaks through, look for 94,500-95,000-95,500-96,000, and continue trailing stop to lock in profits as needed.

Buy ETH on pullback to 3,130-3,160; conservative entry at 3,050-3,080. Set stop-loss below 3,000. Target: 3,200-3,250. If it breaks through, look for 3,300-3,350-3,400, and continue trailing stop to lock in profits as needed.

12.4 Short Strategy:

Short BTC on rebound to 95,500-96,000; stop-loss near 96,500. Target: 94,500-94,000. If it breaks through, look for 93,500-93,000, and continue trailing stop to lock in profits as needed.

Short ETH on rebound to 3,350-3,380; stop-loss at 3,420. Target: 3,300-3,250. If it breaks through, look for 3,200-3,170, and continue trailing stop to lock in profits as needed.

Bottom fishing at the start of the month worked as expected, but unfortunately, I squeezed out the counterparties; otherwise, this trade would have gained over 10,000 points, but it was closed out by forced liquidation, and ETH exited early too. Currently, BTC is consolidating at high levels—if there’s no deep pullback, ETH might catch up to above 3,600. Be cautious with aggressive shorting! #成长值抽奖赢iPhone17和周边