How to grasp this week's CPI and initial jobless claims

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1. December 18th, 21:30: Release of US November Unadjusted CPI Year-over-Year
2. December 18th, 21:30: Release of US Initial Jobless Claims for the week ending December 13th( thousand)
3. December 19th, 14:30: Bank of Japan Governor Ueda Kazuo holds a monetary policy press conference.

Last night’s sharp plunge spike, how many people were still in profit in the afternoon? Seeing it in the evening, the mood probably collapsed. Bitcoin has been hovering around 90,500-90,000 during the weekend, consolidating sideways. Suddenly, it dropped sharply in the evening. When it reached around 88,500, both volume and price volatility expanded significantly. This downward pace indicates market panic selling, but the daily chart structure is still repairing towards a bullish trend. That last night’s move seemed more like a shakeout rather than an end-of-the-world scenario. Our main strategy this week remains to be bullish at low levels; avoid chasing shorts at lows. BTC: Currently, Bitcoin is hovering around the 90,000 mark, with the daily chart still in a large convergence zone’s lower boundary. Wicks and shadows indicate large funds are still accumulating low-cost chips on the left side of the order book. The long lower shadow last night confirms that there are still bulls lurking below 8000. In the short term, focus on key levels: first, watch the resistance around 93,000; the 88,000 level is the first line of defense; further down, 86,500-84,700 serve as emotional support. Our weekly approach is simple: don’t chase highs, buy the dips in batches. If the price revisits 89,000 and shows signs of stabilization, I will consider clearing some positions to add on dips, with a stop-loss below 87,700. For rebounds, target the 90,000-92,400 range; take profits when possible, don’t expect a full retracement to previous highs in one go.  ETH: Currently, Ethereum is clearly outperforming Bitcoin. The daily chart has already broken above a key level, with a healthier structure than Bitcoin. So personally, I prefer to go long on ETH this week. How should we monitor short-term?  The support zone around 30,30-29,30 is very critical. Last night’s sharp drop and quick recovery of the neckline were caught here. The immediate target above is around 31,30-32,50. My trading plan is to hold as long as the price stays above 3,000. Gradually add to long positions with a stop-loss below 2,950, aiming for a rebound to 3,200-3,300. Lock in half of the profits along the way; don’t turn gains into losses by overextending. Intraday Trading Ideas

1. Enter long on ETH near 30,30-30,00 with a stop at 29,50. Take profit at 31,30-32,50.
2. Enter long on BTC near 88,000-87,500 with a stop at 86,500. Take profit at 89,500-92,500. Price levels are time-sensitive; there may be delays in posting, so please follow real-time market conditions. Finally, remember the two key points from my previous article: this week, focus on testing positions short-term; once outside our target range, it’s the last chance to buy big before the end of the year.

Warm reminder: The content at the end is solely authored by myself. Please exercise caution when discerning. Thank you for reading. Follow me to stay on track.