Breaking news: The release of the US November Nonfarm Payrolls data, originally scheduled for 9:30 PM on December 5 ((12月5日)21:30), has been postponed. The new release date is December 16 at 9:30 PM, at which time the previously canceled October business survey data will also be released.

The market has indeed been a bit indecisive over the past couple of days. On one hand, US initial jobless claims have dropped to 191,000—the lowest in three years, which actually puts pressure on crypto prices. On the other hand, expectations of rate cuts remain, buying pressure is supporting the market, and everyone is waiting for next week’s inflation data to determine the Fed’s next move, so the market is showing a tug-of-war between bulls and bears.

Simply put, you need to be extra cautious with your trades right now. Until the market breaks out of this consolidation range, don’t be too optimistic about any particular trend continuing.

Let’s look at Bitcoin from a technical perspective:

On the daily chart, the price has been consolidating at high levels recently. After last week’s deep V-shaped rollercoaster, the upper resistance is at 94,000, and the short-term rebound is losing momentum.

The hourly chart shows a choppy trend, with the price oscillating between 91,700 and 92,700, repeatedly testing support at the EMA7. MACD is below the zero line, with DIF and DEA converging—bearish momentum is weakening, but no bullish crossover has formed yet. RSI is hovering around 45, which is neither overbought nor oversold, indicating a neutral market sentiment.

Regarding EMAs, the short-term EMA7 and EMA30 have converged, while EMA120 continues to trend upward. The overall bullish trend remains intact, but the short-term rebound shows signs of topping out. Personally, I lean toward shorting at the highs during the day; be cautious with longs.

**Bitcoin trading strategy:**
- Short: Enter shorts in the 93,000-92,200 range, set stop loss above 94,100, target 91,000-90,200; if it continues lower, watch for 88,500.
- Long: Enter longs in the 88,500-89,500 range, set stop loss below 87,500, target 90,500-91,500.

**Ethereum trading strategy:**
- Short: Enter shorts in the 3,220-3,170 range, set stop loss above 3,270, target 3,030-2,980.
- Long: Enter longs in the 2,980-3,030 range, set stop loss below 2,930, target 3,080-3,120.

Kind reminder: The above analysis and strategies are for reference only; trade at your own risk. As there may be a delay in the publication of this article, the strategies might not be timely—please adjust your trades flexibly according to market changes.