After falling all the way from above $2,700 to around $2,405, even briefly breaking through the lower Bollinger Band, the most dangerous thing about the market wasn’t how far it fell, but the fact that it didn’t fight back at all.
The so-called recovery after the smooth decline was extremely feeble: when bears drove prices down, the bearish candles had solid bodies. Bulls tried several times to reclaim lost ground, but could only eke out a few scattered small bullish candles, with no sustained buying behind them.
Without fresh capital stepping in, this rebound—which can’t even reach resistance—is essentially just the illusion of bears taking a breather. Once weak, choppy trading wears down dip-buying sentiment, prices will simply continue following the downtrend structure and break lower.
#STRK24小时上涨约20% #ETH $ETH
#US $US
#STRK24小时上涨约20%
👇
The so-called recovery after the smooth decline was extremely feeble: when bears drove prices down, the bearish candles had solid bodies. Bulls tried several times to reclaim lost ground, but could only eke out a few scattered small bullish candles, with no sustained buying behind them.
Without fresh capital stepping in, this rebound—which can’t even reach resistance—is essentially just the illusion of bears taking a breather. Once weak, choppy trading wears down dip-buying sentiment, prices will simply continue following the downtrend structure and break lower.
#STRK24小时上涨约20% #ETH $ETH
#US $US
#STRK24小时上涨约20%
👇