December 19th Market Analysis
Current Situation: ETH has already fallen below the daily life line, and BTC may fall a day later. There’s no question of whether it will happen. Falling below the daily life line can declare the end of the upward trend, which started in October 2022. The depth and duration of this adjustment will be much greater than in March of this year.
When a downward trend is forming, don’t focus on support; there will only be pauses at the weekly and monthly life line positions, while other supports will be ineffective. It’s the same as with upward trends: during an upward trend, don’t look for resistance; resistance is meant to be broken. During a downward trend, don’t look for support; support is meant to be broken.
