December 19 Market Analysis
Current Situation: ETH has broken below the daily life line, and BTC will likely follow suit a day later. There is no question of whether it will happen; breaking below the daily life line can be declared as the end of the uptrend, which began in October 2022. The depth and duration of this adjustment will be much greater than that of March this year.
When a downtrend is forming, do not focus on support; there will only be pauses at the weekly and monthly life line positions, and other supports will not be effective. The same applies to uptrends: do not look for resistance levels; resistance is meant to be broken. In a downtrend, do not look for support; support is meant to be broken.
