Today's market shows a dramatic fluctuation between bulls and bears. Initially, there was a period of consolidation, followed by a sudden plummet, and ultimately closed with a rebound, resulting in a wave of ups and downs in the market.
This wave of decline came on strong, with a long bearish candlestick emerging, directly breaking through the previous consolidation range. This kind of movement suggests that the bearish forces are quickly gathering, taking control of the short-term market dominance and releasing a clear bearish signal. The appearance of the long bearish candlestick undoubtedly reflects that the market is under immense selling pressure, making it difficult for the bullish forces to withstand in a short period.
However, the market is always full of variables. Just when the bears seemed to have the upper hand, a candlestick with a long lower shadow suddenly appeared. The length of this candlestick's lower shadow is considerable, suggesting strong support below, and the bulls begin to fight back. Following that is a medium-strength bullish candlestick, further confirming the possibility of a Rebound.
This combination of a long lower shadow and a medium bullish candle is often seen as a preliminary signal that a short-term bottom is about to form. It symbolizes a shift in the balance of power between bulls and bears, with bearish momentum gradually weakening, while bulls are restless, attempting to regain control of the situation.
Currently, there is a clear technical Rebound demand in the market, but investors still need to closely monitor the strength and sustainability of the Rebound. If the market can continue to close with positive candles and break through the key resistance levels formed during the previous Plummet, then this Rebound trend is likely to continue, and there is even hope to start a new upward wave.
Based on the current market conditions, the operating strategy can consider following the Rebound trend and seizing short-term long opportunities. However, it is also important to remain cautious, keep an eye on market changes, and adjust positions and strategies in a timely manner.
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Today's market shows a dramatic fluctuation between bulls and bears. Initially, there was a period of consolidation, followed by a sudden plummet, and ultimately closed with a rebound, resulting in a wave of ups and downs in the market.
This wave of decline came on strong, with a long bearish candlestick emerging, directly breaking through the previous consolidation range. This kind of movement suggests that the bearish forces are quickly gathering, taking control of the short-term market dominance and releasing a clear bearish signal. The appearance of the long bearish candlestick undoubtedly reflects that the market is under immense selling pressure, making it difficult for the bullish forces to withstand in a short period.
However, the market is always full of variables. Just when the bears seemed to have the upper hand, a candlestick with a long lower shadow suddenly appeared. The length of this candlestick's lower shadow is considerable, suggesting strong support below, and the bulls begin to fight back. Following that is a medium-strength bullish candlestick, further confirming the possibility of a Rebound.
This combination of a long lower shadow and a medium bullish candle is often seen as a preliminary signal that a short-term bottom is about to form. It symbolizes a shift in the balance of power between bulls and bears, with bearish momentum gradually weakening, while bulls are restless, attempting to regain control of the situation.
Currently, there is a clear technical Rebound demand in the market, but investors still need to closely monitor the strength and sustainability of the Rebound. If the market can continue to close with positive candles and break through the key resistance levels formed during the previous Plummet, then this Rebound trend is likely to continue, and there is even hope to start a new upward wave.
Based on the current market conditions, the operating strategy can consider following the Rebound trend and seizing short-term long opportunities. However, it is also important to remain cautious, keep an eye on market changes, and adjust positions and strategies in a timely manner.