Several days of gentle upward movement have really shaken out a lot of bearish traders. The main force has been repeatedly accumulating from the 87,000 level, using low volatility and gradual price increases to force out short positions, even pushing directly to 94,700 in the early hours. This tactic is clearly aimed at liquidating the shorts.
From the market situation, the dense short zones above have basically been cleared. The question is—since all the shorts are gone, is there still a reason for the market to keep pushing upward?
My personal judgment is that the probability is low. After completing this round of forced accumulation and releasing liquidity, a more realistic approach for the main force should be to follow the trend and pull back, turning to cut off some leveraged longs chasing the high. This is a typical reversal point between bulls and bears, where "counterintuitive" moves are most likely to happen.
From a short-term perspective, after hitting a new all-time high, the price clearly faced resistance and pulled back. Recently, it has been oscillating within a relatively high range, with clear boundaries of the trading box. Currently, the price is still bouncing inside the box and has not yet broken out effectively.
In the short term, each time the price approaches the upper boundary of the box, selling pressure increases significantly, and upward momentum diminishes. Under these conditions, the trading logic should be clear—do not break out, do not chase the high, and do not add to long positions.
Based on this judgment: mainly bearish at high levels, continue to short on rebounds. Stay on the bearish side, patiently wait for the main force to give signals, and avoid blindly chasing highs.
Specific suggestions: for Bitcoin, gradually build short positions in the 94,000-94,800 range, targeting 92,000, with a break below targeting 90,000, and a long-term goal of 86,500. For Ethereum, gradually short in the 3,250-3,280 range, aiming for 3,150, with a break below targeting 3,080, and a long-term target of 2,860.
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NftRegretMachine
· 01-06 02:50
It's the same old trick again, the main force pushes the position and then reverses to cut the longs, cycle after cycle. I can see clearly that the shorts are being wiped out in this wave, but what about a real reversal? Still waiting.
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PumpDetector
· 01-06 02:49
whales just liquidated the entire short stack... yeah, this screams reversal tbh. they're about to flip on the longs next, classic institutional playbook. not falling for the pump this time 🎯
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MetaNomad
· 01-06 02:35
All the short squeeze zones have been cleared, and it's still pushing higher? The main force's tactics are indeed impressive, just waiting to cut the chasing leeks at the high.
Several days of gentle upward movement have really shaken out a lot of bearish traders. The main force has been repeatedly accumulating from the 87,000 level, using low volatility and gradual price increases to force out short positions, even pushing directly to 94,700 in the early hours. This tactic is clearly aimed at liquidating the shorts.
From the market situation, the dense short zones above have basically been cleared. The question is—since all the shorts are gone, is there still a reason for the market to keep pushing upward?
My personal judgment is that the probability is low. After completing this round of forced accumulation and releasing liquidity, a more realistic approach for the main force should be to follow the trend and pull back, turning to cut off some leveraged longs chasing the high. This is a typical reversal point between bulls and bears, where "counterintuitive" moves are most likely to happen.
From a short-term perspective, after hitting a new all-time high, the price clearly faced resistance and pulled back. Recently, it has been oscillating within a relatively high range, with clear boundaries of the trading box. Currently, the price is still bouncing inside the box and has not yet broken out effectively.
In the short term, each time the price approaches the upper boundary of the box, selling pressure increases significantly, and upward momentum diminishes. Under these conditions, the trading logic should be clear—do not break out, do not chase the high, and do not add to long positions.
Based on this judgment: mainly bearish at high levels, continue to short on rebounds. Stay on the bearish side, patiently wait for the main force to give signals, and avoid blindly chasing highs.
Specific suggestions: for Bitcoin, gradually build short positions in the 94,000-94,800 range, targeting 92,000, with a break below targeting 90,000, and a long-term goal of 86,500. For Ethereum, gradually short in the 3,250-3,280 range, aiming for 3,150, with a break below targeting 3,080, and a long-term target of 2,860.