Hey everyone, after watching the charts all day, it feels like BTC is a hamster on a treadmill—just not breaking out of the box.
Good Mood Brought by a Data Surprise Today's macro news is quite interesting. The US just released the ADP employment data, and it's a shocker. In November, private sector jobs unexpectedly decreased by 32,000, the largest drop in nearly two years. Normally, this would be decidedly bearish, but now the market is playing the "bad news is good news" script.
Why? Because it’s made the market almost certain that the Fed will cut rates at next week's (December 10-11) meeting! According to the CME FedWatch Tool, the probability of a rate cut has shot up from around 75% to 89%. As a result: US stocks turned bullish: All three major indices closed higher, with the Dow up over 400 points. The US Dollar Index dropped, which is a small positive for USD-denominated crypto assets. Core logic: Weak economic data → reinforced rate cut expectations → expectations of looser liquidity → bullish for Bitcoin and other risk assets. So, on the macro front, the wind is blowing towards the bulls.
📈 Night Trading Map: Watch the Box Range Macro winds are favorable, but actual trades still rely on technicals. It’s been a grind all day; the key now is whether tonight’s box can be broken.
BTC: Bullish signal: Watch $93,788. If the hourly closes above this, bulls will have more strength to test the $94,600 - $95,888 resistance zones. Bear defense: Keep an eye on $92,680. This is the 4-hour lifeline—if price fails to hold above on close, a pullback may begin, with support below at $91,900 - $90,666. Key: Tonight’s action is within the $92,680 - $94,000 box. Only a breakout above or below will set the next direction.
ETH: Bullish signal: Holding above $3,202 on the hourly could lead to upward moves to $3,250 and $3,303. Bear defense: Do not break below $3,166 on the 4-hour; otherwise, supports at $3,112 and $3,052 may be tested.
💡 My Trading Notes Core idea: With strong rate cut expectations, a slightly bullish bias in strategy is reasonable. But never chase highs. The ideal long entry is to wait for a pullback to key support (such as BTC at $92,680 or $91,900) and signs of stabilization. Risk warning: Beware of liquidity swings at night, and always set stop losses for every trade. If the price fakes a breakout upward then quickly drops back into the box, be wary of a bull trap.
> Note: The above is just my personal trading journal for recording ideas. Markets change rapidly and this is not investment advice. Trading carries risks—make decisions cautiously.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#十二月行情展望 #比特币行情观察 #加密市场观察 #今日你看涨还是看跌?
Hey everyone, after watching the charts all day, it feels like BTC is a hamster on a treadmill—just not breaking out of the box.
Good Mood Brought by a Data Surprise
Today's macro news is quite interesting. The US just released the ADP employment data, and it's a shocker. In November, private sector jobs unexpectedly decreased by 32,000, the largest drop in nearly two years. Normally, this would be decidedly bearish, but now the market is playing the "bad news is good news" script.
Why? Because it’s made the market almost certain that the Fed will cut rates at next week's (December 10-11) meeting! According to the CME FedWatch Tool, the probability of a rate cut has shot up from around 75% to 89%.
As a result:
US stocks turned bullish: All three major indices closed higher, with the Dow up over 400 points. The US Dollar Index dropped, which is a small positive for USD-denominated crypto assets.
Core logic: Weak economic data → reinforced rate cut expectations → expectations of looser liquidity → bullish for Bitcoin and other risk assets. So, on the macro front, the wind is blowing towards the bulls.
📈 Night Trading Map: Watch the Box Range
Macro winds are favorable, but actual trades still rely on technicals. It’s been a grind all day; the key now is whether tonight’s box can be broken.
BTC:
Bullish signal: Watch $93,788. If the hourly closes above this, bulls will have more strength to test the $94,600 - $95,888 resistance zones.
Bear defense: Keep an eye on $92,680. This is the 4-hour lifeline—if price fails to hold above on close, a pullback may begin, with support below at $91,900 - $90,666.
Key: Tonight’s action is within the $92,680 - $94,000 box. Only a breakout above or below will set the next direction.
ETH:
Bullish signal: Holding above $3,202 on the hourly could lead to upward moves to $3,250 and $3,303.
Bear defense: Do not break below $3,166 on the 4-hour; otherwise, supports at $3,112 and $3,052 may be tested.
💡 My Trading Notes
Core idea: With strong rate cut expectations, a slightly bullish bias in strategy is reasonable. But never chase highs. The ideal long entry is to wait for a pullback to key support (such as BTC at $92,680 or $91,900) and signs of stabilization.
Risk warning: Beware of liquidity swings at night, and always set stop losses for every trade. If the price fakes a breakout upward then quickly drops back into the box, be wary of a bull trap.
> Note: The above is just my personal trading journal for recording ideas. Markets change rapidly and this is not investment advice. Trading carries risks—make decisions cautiously.