12.16 Miao Laobiao BTC/ETH Morning Strategy

No sleep tonight! The US non-farm payroll data is coming soon, and the crypto world will face a "heaven and hell" test

Tonight, the financial markets are destined to have a sleepless night—the US November non-farm employment data will be announced soon. This delayed report is the first employment "report card" released after the US government shutdown of 43 days. Every change in the numbers could trigger a dramatic "heaven and hell" reversal in the crypto scene!

Why does this non-farm payroll data so strongly affect the market nerves?
Special background sets a heavy tone: As the first data release after the government shutdown, the market urgently needs to gauge the true state of the US employment market. More alarmingly, Powell has already issued a warning: the unemployment rate may rise to 4.5%, and job growth could even fall into negative territory.

For the crypto world, this is a life-and-death gamble:
If the data shows weakness, expectations for the Fed to cut interest rates will surge instantly, and the global liquidity easing anticipation could lead to a frenzy, with Bitcoin potentially soaring 8% in a single day;
But if the data unexpectedly shows strength, the hope for rate cuts will be completely shattered, and a strong dollar could be the straw that breaks the camel's back for crypto prices, possibly triggering a deep correction that could wipe out positions of 400,000 traders.

This is undoubtedly a high-stakes bet on the Fed's policy direction, but do you really want to put all your chips on this guessing game?
Looking at the current crypto market: Bitcoin has broken through the $86,000 mark for the first time in two weeks, but it has fallen about 30% from its October high. It is in an extremely oversold state in the short term, with rebound demand but clearly insufficient upward momentum.

Trading Strategies

• BTC: Consider long positions in the $84,500-$85,000 range, targeting around $88,000.

• ETH: Suggest entering long positions between $2,880-$2,900, aiming to break through the $3,000 threshold.