#美联储重启降息步伐 December 4 Market Review: Employment Data Drags Behind, Institutions Step In With Real Money

Last night’s ADP employment data really gave everyone a scare, and the market hit the brakes hard. But look, Treasury Secretary Bensen was quick to come out and voice support for rate cuts, plus Hassett was officially confirmed as Fed Chair. With this combo, smart money immediately caught on.

On-chain data says it all—ETF net inflows reached $1.1 billion in a single day. That’s not retail-level volume. A pullback? That’s just a buying opportunity. In the early hours, prices shot back up, reclaiming all previous losses.

**Let’s see how Bitcoin is doing now:**
It’s already broken through the 94,000 mark, and the bulls are showing strong momentum. At this pace, it’s likely to test the 96,000 resistance. If there’s an intraday pullback, keep an eye on the 92,500 support—hold that, and the trend is intact. If it breaks, look to see if the 91,000 to 89,000 range can catch it.

Trading strategy? Consider going long in the 92,300–92,700 range, with first target at 94,100, second at 96,000, and if it breaks out strongly, look at 98,200.

**Now on to ETH:**
Institutions are buying aggressively, plus upgrade expectations are building, so performance is really strong. Long positions from 30,300 are up 200 points—who can resist that? Today, focus on the 31,700 level—if it holds, the bulls are still in control.

How to play it? Buy on dips in the 31,620–31,840 range, target 32,390 and 33,200, and if it breaks above, shoot for 33,980.

Short-term traders, remember to adjust flexibly, set your stop-loss based on your actual position, and don’t try to tough it out. $BTC $ETH