U.S. December small business employment data just released, with an increase of only 41,000 jobs, below the market expectation of 50,000. This data reflects a significant slowdown in labor market growth momentum after 2026. Interestingly, while large enterprises are tightening their workforce, small and medium-sized enterprises are showing signs of recovery. This divergence is worth noting.

Once the news broke, the US stock market initially surged but then sharply retreated, yet the crypto market did not follow the upward trend. The short-selling strategies announced yesterday proved effective, with Bitcoin gains approaching 2000 points per trade, and Ethereum also securing gains of over 100 points.

From a technical perspective, although Bitcoin's daily chart closed bearish, it has not yet broken below the 60-day moving average. However, Bollinger Bands are clearly narrowing, the KDJ indicator has already shown a dead cross signaling a downward turn at high levels, and MACD momentum is continuously shrinking. These signs all point to a bearish trend. Ethereum's situation is similar, with technicals also leaning towards weakness. Based on these judgments, the strategy remains to rebound and short. Next Friday’s non-farm payroll data will be crucial, and close attention must be paid to its impact on the market.

**Short-selling plan:**

For Bitcoin, at the current price of 92,200-92,800, you can go short directly. Conservative traders are advised to wait for opportunities in the 93,500-94,000 range. Set stop-loss around 95,000, with the first target at 91,500-91,000. If broken, continue to watch for 90,500 and the 90,000 level, and adjust stop-loss flexibly based on the breakout to lock in profits.

Ethereum can short at the current price of 3,220-3,260, with a safer entry around 3,300. Defensive level is at 3,350, with targets at 3,150, 3,130, and 3,100. If the price continues to break down, focus on 3,050 and 3,000, using trailing stops to protect gains.

**Long-position plan:**

If the market pulls back to the 89,000-89,500 range, consider opening a long position with a stop at 88,000. Targets are 90,000, 90,500, and 91,000, with stop-loss moved accordingly after breakout.

Ethereum can be long at the 3,020-3,050 retracement zone, with a stop at 2,960. Targets are 3,100, 3,140, and 3,170. Adjust stop-loss after breakout as well.

The previous two days’ short-selling strategies performed as expected, with two consecutive gains. However, the recent weak non-farm payroll data was a surprise, and whether the upcoming non-farm payroll will bring another "shock" remains uncertain. This will directly influence the subsequent performance of cryptocurrencies, so close attention must be paid to Friday’s non-farm payroll release.