Chainlink bulls are shaky? Head and shoulders pattern appears, bear market alarm sounds!
The current LINK price trend ruthlessly reveals a bearish "head and shoulders pattern" - the market is turning downward, and the on-chain data is even worse! Selling pressure remains high, with a net outflow of 300,000 LINK in December, and the financing rate turned negative, and the bears have fully gained the upper hand.
The next key support? Analysis shows that $18.60-19.80 is the last line of defense for short-term bulls; if it falls, $14 may be just around the corner. Investors who want to buy the bottom should keep their eyes open and focus on this price area, otherwise they will fight with the shorts who are bleeding on the edge of a knife.
The Chainlink bull market is not far away, but the short-term correction is undoubtedly the "best bad opportunity". Market fluctuations don't wait for anyone, don't wait until the market is over before regretting it. Pay attention to Brother Tang and take you to the next precise ambush!
