The bears finally broke the consecutive bullish pattern after a lot of effort, but looking at the candlestick chart, it's actually just a continuation of ten consecutive bullish days—only this candlestick appears a bit虚——a false bullish candlestick. This precisely shows that the market's resilience is indeed strong enough; the problem is that the bulls' momentum today has been somewhat exhausted. If the strategy is appropriate, the market could easily turn red, which might actually attract more funds to buy the dip tomorrow.
However, today's move has changed the rhythm. From tomorrow's perspective, the overall market is likely to remain volatile, with both upward and downward space compressed.
Speaking of this, the real question worth pondering is—should we firmly hold our positions before the holiday? The recent surge before the holiday was indeed impressive; will there be another wave after the holiday? Looking back at history, the performance after New Year's Day is actually a 50/50 situation, with both gains and losses. How to judge specifically still depends on the subsequent market performance.
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AllInAlice
· 12h ago
This false bullish candlestick really drained the bullish momentum quite a bit.
Should we hold our positions before the holiday? To be honest, with a 50/50 chance, it's still a gamble.
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ChainSauceMaster
· 12h ago
Fake bullish candles are common, but the key is to see how it moves after the holiday. I can't afford to gamble on a 50/50 chance.
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LostBetweenChains
· 12h ago
I'm too familiar with the fake bullish pattern; every time they say it'll turn red next week to attract bottom-fishers, and what happens? They slip away...
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WenMoon
· 12h ago
Tired of the false bullish candlestick explanation... Anyway, just wait until tomorrow. In a volatile market, anyone who dares to hold a heavy position is just a gambler.
The bears finally broke the consecutive bullish pattern after a lot of effort, but looking at the candlestick chart, it's actually just a continuation of ten consecutive bullish days—only this candlestick appears a bit虚——a false bullish candlestick. This precisely shows that the market's resilience is indeed strong enough; the problem is that the bulls' momentum today has been somewhat exhausted. If the strategy is appropriate, the market could easily turn red, which might actually attract more funds to buy the dip tomorrow.
However, today's move has changed the rhythm. From tomorrow's perspective, the overall market is likely to remain volatile, with both upward and downward space compressed.
Speaking of this, the real question worth pondering is—should we firmly hold our positions before the holiday? The recent surge before the holiday was indeed impressive; will there be another wave after the holiday? Looking back at history, the performance after New Year's Day is actually a 50/50 situation, with both gains and losses. How to judge specifically still depends on the subsequent market performance.