December 3rd Midday Insights

1. Bitcoin, expected to rise and fall, range 97500-94500;

2. Ethereum, expected to rise and fall, range 3700-3550;

Note: No important data today.

Wednesday 01:35, 02:30 two Federal Reserve officials will speak.

Given that this week on the 3rd, 4th, and 5th there are ADP employment, Powell's speech, and non-farm data,

these events are expected to be bearish, which will dampen interest rate cut expectations.

This week should be viewed overall with a bearish mindset on the daily chart.

There will be a lot of back-and-forth fluctuations on the daily chart, and we should guard against deep pullbacks.