Yesterday, a large bullish candle appeared out of nowhere, looking very fierce. However, this seems more like a rebound after a correction, as continuous declines and downward trends have already drained liquidity. Both sides are unusually easy now. Currently, there is no sign of a continuous surge, and a downward channel is unlikely to form. Especially with the monthly chart about to close, if a hammer candlestick cannot form at this level, the possibility of a retest of the lower month is still high. The next few days of this month will be crucial. Whether it goes up or down, there's a good chance of a trap for more buyers. Options hedging is also a method to consider. $DOGE $BTC $GT #我在Gate广场过新年
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Yesterday, a large bullish candle appeared out of nowhere, looking very fierce. However, this seems more like a rebound after a correction, as continuous declines and downward trends have already drained liquidity. Both sides are unusually easy now. Currently, there is no sign of a continuous surge, and a downward channel is unlikely to form. Especially with the monthly chart about to close, if a hammer candlestick cannot form at this level, the possibility of a retest of the lower month is still high. The next few days of this month will be crucial. Whether it goes up or down, there's a good chance of a trap for more buyers. Options hedging is also a method to consider. $DOGE $BTC $GT #我在Gate广场过新年