Analysis of Bitcoin Trading Strategies on December 6
After experiencing the spike in the early morning, we have successfully verified the effectiveness of the mid-track support.
Tonight, the highly critical non-farm payroll data is about to be released.
Based on an in-depth assessment of the current market situation, this data is likely to be below market expectations, and this outcome is likely to translate into a significant positive factor for the cryptocurrency market.
Meanwhile, the market's expectation probability for a rate cut in December has exceeded 75%.
Focusing on trading operations during the day, considering the extreme market conditions that have occurred today, we should adhere to the concept of range oscillation repair to respond flexibly.
As for whether the trend can ultimately be established, we still need to patiently wait for clearer guidance from the non-farm payroll data tonight.
The specific trading operation suggestions are as follows:
btc: Position for a long near $97,000, with a profit target set in the range of $98,500 to $100,000.
eth: Build a long position near $3,800, with an expected profit target in the range of $3,950 to $4,000.
