2026-01-06 00:23:30

Last night, Bitcoin once again pushed higher, reaching around 94,700. This slow rally has indeed been quite frustrating for the bears, but it seems that the seemingly fierce market action isn't as simple as it looks. Upon closer inspection, this rally is not a one-sided move, and the current upward momentum is already showing signs of fatigue, with risks of chasing longs at high levels accumulating.

From a technical perspective, the situation is clearer. On the 4-hour chart, although the bulls remain strong, there is a lack of genuine breakout—prices move along the upper trendline, and whenever there is a pullback, they are strongly pushed back up. This seemingly aggressive movement is essentially a typical slow squeeze with a short-covering rhythm. The key issue is that the upside space has not been opened up. Since there is no breakout above, chasing the rally becomes somewhat forced.

The morning strategy is as follows: if Bitcoin rebounds to the 94,000-94,500 range, consider short positions here, targeting the 92,000-91,000 zone. Operating within this range would be more prudent.

BTC0.52%

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rekt_but_vibing

· 01-08 22:15

The squeeze rally is really torture, 94700 got smashed down again, not chasing this time Been watching the 4h chart back and forth every day, already sick of it, waiting for 94000 to make a move Everyone who FOMO'd got beaten, this momentum feels too fake man 92000 is where the real opportunity is, right now it's all bag holders at high prices This rally is just a trap, if the space doesn't break I'm not buying the bull case

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WalletWhisperer

· 01-06 02:59

ngl the 4h pattern screams algo accumulation before the real move... those whale clusters aren't finished loading yet

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GasGrillMaster

· 01-06 00:48

Short squeeze and slow rise, this is how it is. Chasing highs is just asking for death. --- The 94,000 level is indeed worth considering, just worried it might get smashed back down again. --- Here we go again, always saying it can't break through, but then it suddenly surges again. --- The bears are being tossed around quite a bit, but this kind of non-breakout rally really can't be held. --- 92,000 is the real target, chasing in now is too greedy. --- Feels like a repetitive cycle of cutting leeks; whoever chases will be unlucky. --- Looking at the 4-hour chart, it does seem weak. I'll wait for a rebound to exit.

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SelfMadeRuggee

· 01-06 00:47

Short squeeze? It looks more like accumulation to me. This kind of trend really makes people uncomfortable. --- Around 94700? I already sold out long ago. If there's no breakout, better not be greedy. --- To be honest, those chasing longs at high levels are just cannon fodder. I'd rather wait for a pullback to buy again. --- This technical setup does have some merit, but I still trust my instincts a bit more. --- Short position setup? After thinking about it, I decided to skip. This market is too easy to reverse. --- The target of 92000-91000 feels a bit unrealistic. Trading in such middle ranges is too exhausting. --- Slow rise is the most annoying, even more uncomfortable than a sharp drop. It's hard to judge at all. --- Lack of breakout signals just means lack of opportunities. I think it's better to wait and see. --- This round of market movement, in my opinion, is just a trap to lure in long positions. --- I didn't touch 94500. It feels too risky with a strong sense of danger.

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LeekCutter

· 01-06 00:45

Tired of the same old short squeeze and slow rise routine Trying a short at 94500, anyway, the loss won't be too much This round of the market feels a bit fake, with no breakthrough above, it just seems to be testing people's patience Brothers chasing highs, wake up now, be careful of getting your face slapped Nothing new, let's talk again at 92

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