12.17

Yesterday, the US November employment data was released. The unemployment rate surged significantly to 4.6%, higher than expectations and the previous value. Non-farm employment increased by 64,000 jobs, surpassing the expected 50,000. Additionally, the employment figures for August and September were revised downward, with September's non-farm employment now at 108,000 after the revision. Detailed data shows that although employment numbers fluctuate, a marginal slowdown has already begun, with a noticeable weakening in employment growth.

BTC
This week has seen quite a few news developments. Currently, Bitcoin is also experiencing ongoing fluctuations. Fortunately, the 84,700 level we mentioned has not been broken downward; instead, it has been repeatedly tested as a bottom. This suggests that a major move may be brewing at this level. The key idea now is to monitor the daily chart's sideways oscillation in terms of amplitude and slope. If the price continues to hold above 84,700 and the lows are gradually rising, it indicates an upward opportunity. On an intraday basis, focus should be on whether the 88,300 level can be maintained. Failure to do so could lead to a minor retracement, with support at 86,400-84,700 and resistance at 88,300-89,300.

ETH
Ethereum is currently showing relative weakness, but the overall approach remains similar. Attention should be paid to the daily chart's levels, as previously mentioned, the 2600 to 2800 range is a strong short-term support zone for Ethereum. The current focus is on whether the 2,830 level on the daily chart can hold. Even if the price drops into the lower range, watch for a quick rebound opportunity. On a smaller intraday scale, focus on whether the 2,970 level can be stabilized. If it cannot, the price may move into a short-term correction on the one-hour chart, which could trigger a small rebound. Support levels are at 2,895-2,820, with resistance at 2,972-3,028.