Is this wave of market real or fake? As Bitcoin and Ethereum have broken through many people's psychological barriers, a closer look at the market data reveals that this is just a false breakout. The sharp decline is weak, and the strangest part is that both the US stock market and gold are rising, while the crypto world is falling. How clear can this signal be?

But don't rush to short just yet. This time, it has only fallen back into the consolidation range, finding support around 2930-2940, and now a small rebound has started. How should I operate comfortably? To be honest, my style is quite conservative. Overall, being bearish is correct, but before the support at 2930 is clearly broken, I absolutely won't take the risk to short, after all, this market often has false breakouts to deceive people.

Since we have returned to the oscillation range, my strategy is simple: wait for it to rebound to the upper edge of the range before taking action. Gradually enter short positions around 3000 and 3060; this operation is the most comfortable. By the way, the previous long-term short position at 3400 is still held. Ethereum may drop to 2000 or even 1500 in the middle to early next year, and we can discuss bottom-fishing then.

ZEC is also worth watching. After encountering resistance in the 450-470 range, it has started to fall again, and the current support level is around 410. Short-term profits can be taken here, and then consider shorting again when it rebounds to around 430 and 450.

Speaking of ZEC, it really is a big rival. The day before yesterday, I shorted at 450 and took profit at 430. When it rebounded, I continued to short, and now it has fallen as expected. As long as this coin shorts at the resistance level, there is an eighty to ninety percent chance of making a profit. Our strategy is to only short and not go long, shorting every time it rebounds to the resistance level. After playing for 2 months, the profits this coin has contributed to us are a bit hard to count, this rhythm is really satisfying.