2026-01-06 01:26:46

Market has been slowly trending upward, and short sellers are indeed feeling a bit uncomfortable. But upon closer inspection, this rally for the bulls hasn't been entirely smooth sailing; there are already clear signs of stagnation. The price is repeatedly hovering at high levels, and blindly following the trend to go long now carries significant risk.

From a technical perspective, although the bullish momentum has strengthened somewhat, it hasn't reached a level for a breakout. Looking at the 4-hour K-line, Bitcoin's price is slowly climbing along the upper band of the Bollinger Bands, with occasional pullbacks in the middle, but each time the bulls quickly pull it back up. It looks very vigorous, but in reality, the upward price space hasn't been effectively opened. This is a typical slow squeeze—bears are forced into a corner, but bulls haven't truly gained momentum. Since the upside hasn't been unlocked, there's no need to rush into chasing the rally.

Technical reference levels: around 93,800-94,300 is the top of the range, 94,800 may need to be filled, and look down towards the 92,800-91,500 zone.

BTC-0,71%

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ZkSnarker

· 01-08 20:03

honestly the "squeeze play but nobody's actually winning" thesis is peak crypto theater rn... bears trapped but bulls can't break through either? that's just sideways with extra steps lol

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ThesisInvestor

· 01-08 12:49

Short squeeze and slow rise, huh? Well said. But I think the fact that the bulls are struggling so much this time gives us an opportunity to buy the dip. Those rushing to chase the highs will be trapped sooner or later.

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Ser_Liquidated

· 01-08 12:07

Short squeeze with slow gains, the bulls aren't actually that aggressive, those chasing the rally are probably just retail investors with a naive mindset.

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StablecoinSkeptic

· 01-07 17:10

The slow squeeze and gradual rise—I've seen this routine too many times. The bulls only have this much skill; if they were truly going to break through, they would have done it already. They're just pulling and tugging now.

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ETHReserveBank

· 01-06 01:54

The term "short squeeze slow rise" I understand. The bulls can't even break through key levels and are just stubbornly holding on, definitely getting trapped if they chase in.

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ChainDoctor

· 01-06 01:54

Short squeeze and slow rise, I've seen this routine too many times. Is that all the bulls can do? The real strength hasn't come yet. If you rush in now, you'll just be waiting to get crushed.

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BoredApeResistance

· 01-06 01:50

The judgment that short squeeze leads to a slow rise is something I have to admit has some merit—it's just bullish bluffing, really no explosive power.

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ChainWanderingPoet

· 01-06 01:42

The slow squeeze and rise pattern is seen too often. I believe in the bulls' bluffing, but I'm just worried about chasing in and getting trapped as a noob.

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0xSherlock

· 01-06 01:38

Short squeeze and slow rise are old tricks. They always deceive people into entering the market like this. I'll wait until a breakdown to act. 93,800 is firmly held down.

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