2026-01-20 04:28:07

BLUAI, have you all seen this wave of market movement clearly?

Yesterday, it surged to a new high within the month, but then it immediately reversed and crashed. The large bearish candle at the high was very fierce, wiping out the entire upward momentum. Looking at the trend rhythm, this rebound from the bottom has been going on for about a month, and now this level already feels a bit dangerous.

From the candlestick pattern, the top indeed shows some signs of being welded in. In the short term, a correction is highly likely, and if it breaks downward, the space could be quite significant. Is anyone interested in shorting? If it really starts to decline, how far could the first wave of decline go? What are your expectations? Share your thoughts in the comments.

BLUAI1,75%

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DYORMaster

· 10h ago

The term "welded shut" is used to the extreme, and I'm also watching this top, feeling a bit虚。 --- I didn't dare to short, I can't forget the blood loss from the last high-level bottom-fishing. --- Is the monthly rebound only a month long? That's a bit fast. --- The first target after breaking down is the support of the previous month, there should be some rebound there. --- As soon as a big bearish candle appears, the comment section starts hyping the bottom, it's hilarious. --- But this time I really feel something's off; the market rhythm is too fast. --- Short? Brother, you're really brave. I'm still observing. --- Looking at the pattern, there is indeed pressure, but don't rush to go all-in.

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GasFeeBeggar

· 10h ago

It's welded shut, and this wave is heading down. I think the break could push it down to the previous support level, and then the short positions will be truly profitable.

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ChainWatcher

· 10h ago

This large bearish candlestick is indeed fierce. Those who bought at yesterday's high are probably trapped now.

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zkNoob

· 10h ago

Welded shut, welded shut, this time it really needs to break. I think it can be smashed near the previous low.

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