#数字货币市场回调 Night market review on December 1

The big pie has reached the 865-855 range as expected today. The key for the upcoming trend depends on whether this position can hold.

If it breaks down, the 7 range basically cannot escape, and the bulls should not act recklessly at this time.
If we hold on, two scripts:

The first possibility - the head and shoulders pattern breaks down after hitting 89, continuing to decline and initiating a new downward cycle. In this case, spot trading can be gradually positioned in batches, slowly accumulating in the 76k-67k range.

The second possibility - a small-level abc rebound wave. If it really rebounds, the position at 93 is likely to break through.

I personally prefer the first scenario. So the long position now is just to wait, wait until 89 and then talk.

Someone asked: What if 89 drops straight down unexpectedly? What else can be done? Just watch the show with an empty position. Fortunately, I still hold my short position on $ETH, aiming for 26. If it breaks, I'll add to my position and take it down to 22. This trade was entered from the right side, and as soon as I finished editing the text, it started to crash. I didn't even have time to post it 😂.

$ETH