Did the blockchain crash?! When it was at 98,000, I predicted it could drop to 87,500, and no one believed it, not even myself. Could it really reach that?

It seems that 87,500 is indeed reachable. If everyone has seen my previous analysis and prepared for it, once it drops to that level, we can roll up our sleeves and get to work! This is a normal correction; it rose by 40,000 points and retraced by 10,000 points, which is very normal. All cryptocurrencies follow the leading indicator, Bitcoin. Once it approaches 88,000, various coins can basically be bought! The Federal Reserve will announce the minutes of the November monetary policy meeting at 3 AM today, which will include views on future interest rate cuts and will have a significant impact on the market, so everyone should pay attention. Yesterday, whether we were long or short, we basically nailed it, with Bitcoin gaining close to 6,600 points and Ethereum over 70 points. I didn't update in time yesterday because I was quite busy! #BTC☀ #ETH🔥🔥🔥🔥

From a technical structure perspective, the overall situation is still in a pattern of fluctuating downward. The failure of the bulls to maintain the rebound is the best proof. Locally, it is still in a phase of correction and consolidation, and may continue to show a tug-of-war fluctuation. In the short term, there might be a direct retracement and loss of support, with a relatively large space. Today, we are looking downward in the short term, but the rhythm is still fluctuating; rebounds can only be seen as a correction for the bears, after all, the space is limited. Prepare to exit based on the changes in the pattern.

Bitcoin is short around 93,000-93,500, with an expected target of 91,500. Ethereum is short around 3,370-3,390, with an expected target of 3,280.