12.18 Intense News Updates 1. The day before yesterday, non-farm payrolls came in at 4.4%, higher than expected. Today, November CPI will be released, and tomorrow Japan is expected to raise interest rates again. Overall, the news leans bearish. Now it’s up to the market to decide whether to price in the bearish news or stage a rebound after the negativity is exhausted. 2. BTC has dropped 36% in just a month and a half. Bearish sentiment dominates the market, but the market often moves in unexpected ways. I’m leaning more towards a rebound after the bearish news is priced in. Watch for long positions during the second price test.