After a night, our correction forecast for the market and the desire to buy ETH at $3,140 no longer seem so incredible. The execution of potential highs according to our indicator on the 12-hour timeframe did not take long to materialize.

Let us remind you of the rebound forecasts and then a noticeable correction in the market from P73 CryptoMarket Monitor, which were given yesterday 7 hours before the Fed meeting:

- "Average probability of a bounce in the market. In the coming hours."

- "WARNING - high probability of a significant correction and short- / medium-term decline of the crypto market, starting in the coming days. During this time, the high may still be updated."

We show the chart at the time of the forecast:

The forecast of a significant correction was given precisely because of the high markers on the 12-hour time frame for BTC, ETH, and a whole number of assets from the TOP-200.

As a result, this is what happened - #BTC in the bounce almost reached the high of December 9 and hit $94,476, and after that at one point reached $89,389. Moreover (and this is already a serious danger for the scenario of continued growth), the price of #BTC has entered a persistent downtrend on the 2.5-hour time frame. With an extreme base target of $88,333.

Based on the experience of observing the performance of our indicator - if there is a trend change on the 2.5-hour time frame - there will also be one on the 3-hour time frame. And a trend change on the 3-hour time frame is, according to our strategy, a reason to open a trade in the direction of the trend.

But we are in conditions where the price of #ETH shows strength relative to BTC, while everyone is still more inclined to accumulate long positions on ETH. It still looks stronger than the first cryptocurrency - there is no downtrend on the 2.5-hour time frame, the price essentially makes a retest of the breakout from the "Bullish wedge," with a full target of $4,437. Persistent uptrends for the asset on the 12-, 18-hour, and daily time frames (with an extreme base target of $3,781) are in effect.

And there are no uptrends on these three time frames for BTC, let's remember.

The order at $3,140 has not been removed, BUT we will be ready to take it at a higher market price if the price returns to a persistent uptrend on the 5-minute time frame. Now, as we see, the density of the downward targets lies on the 5-minute time frame down to $3,131.

The reason for preparing for a long is simple - a new signal from P73 CryptoMarket Monitor, which its subscribers received this hour.

AT THE SAME TIME, if ETH after opening a position transitions into a persistent downtrend on the 3-hour time frame - we will look for an opportunity to close the long at a positive breakeven. We do not work against the trend on this time frame.

IF the market begins to transition into downtrends on the 3-hour time frame - we will look for an entry into short and the priority in choosing BTC or ETH will be given to BTC.