Don’t try to predict prices casually. Look at the chart from the opposite perspective. Let’s assume we are in a bull cycle. Many technical indicators are pointing to overbought conditions and short-term corrections, yet prices keep rising sharply. So why should a decline be considered impossible? It isn’t. A decline is entirely reasonable. The explanation is simple. Unlike in the past, there is no clear whale buying liquidity to absorb these drops. This is a serious issue. It is also unusual to see daily candles fall this sharply without forming lower wicks, which normally indicate buyers stepping in.(mignolet)