A downward trend has already formed. If I say there will be a waterfall drop, how will you respond?

Discuss your views on the future market trend!

On November 24th, I publicly stated to short at 98500 and look for a pullback to 93500, quickly realizing a 6000 drop. After completing the first downward buffer, we are currently looking for a second round of downward momentum in the 94800 area, targeting 89800. If it breaks down, it will test the 82155 area for a volume drop rhythm!

Currently, the daily trend shape has corrected more than 8000 points, exceeding the pullback range, and has also disrupted the daily upward movement.

Secondly, the sentiment on the news front seems to be somewhat cold, while high-level selling continues to increase, coupled with the base month of the end of the month, there is a high probability of entering a breakdown waterfall mode.

At this stage, after excessive oscillation, if it breaks through the first support at 0.786, the 89800 position, it will further test the second support at the 0.618 area, 82155 position.

Short-term pressure is concentrated at 93800, followed by the 96000 position. Support is at 89800 and 87600 areas.

In terms of operations, follow the trend and watch for the waterfall to execute a third volume drop move. The short-term will involve repeated fluctuations, taking one step back at a time (for example, if it drops to 92000, rebounds to 93300-600, then you can boldly short).

In the short term, following this idea, rebounds can be arranged for shorting, looking at a space of 1500-2000 that is relatively easy to capture.

For the wave segment, stay still and observe the first target at 89800, followed by 87000! If it breaks, double down and look for 76000!

As for Ethereum, there has recently been a round of supportive volume, performing relatively well, but we still have to watch the big brother's rhythm. The background is weak; once there is selling volume and capital exits, it will quickly lead to a big waterfall and a strong downtrend! The current first target is 3190, followed by 2760/2300!

I am Ultraman, an old investor in the crypto circle who analyzes earnestly. Whether you agree or have different views, feel free to discuss in the comments. If you like it, please follow, share, and like! Wishing all my fans smooth sailing!