Last night's non-farm payroll data was hyped up quite a bit, but it didn't make much of a splash. The market just went through a "flash crash" type bottoming process, now lying low and gasping for air, oscillating with small steps forward and backward. Daily chart: Yesterday closed with a large bullish candle, like a bubble emerging from dead water, but the overall trend of the river still flows downward, unchanged.

MACD hourly chart: DIF and DEA lines are both below zero (negative), and DIF is below DEA, indicating that short-term bears are still in control.

MACD daily chart: Bearish momentum (green bars) has slightly shrunk, but don't get excited—it's still far from a "counterattack signal."

RSI on the hourly chart is at 54.7, neither hot nor cold; the daily just slightly lifted its head, still weak. The 7-period moving average on the hourly chart is barely supporting the price; but on the daily level, the 120-day mountain is still far above, pressing down.

Don't be fooled by the bullish daily candle into "bottom fishing." Before the market chooses a direction, the safest strategy is to "draw a line in the sand."

12.17 Bitcoin trading strategy:
Buy 86100-86900, stop below 86000, target 88600-89600
Sell 89900-88900, stop above 90500, target 87400-86400

12.17 Ethereum trading strategy:
Buy 2885-2925, stop below 2845, target 3025-3065
Sell 3075-3035, stop above 3125, target 2955-2915