1.6 Thinking Analysis

Continuous slow bull runs have pushed many bears to their limits. The main force repeatedly accumulated at around 87,000, using low volatility and gradual pushing to force short positions, reaching a high of 94,700 in the early morning. The goal is very clear—liquidate the shorts.

The market shows that the dense short positions above have been basically cleared out; those forced to liquidate have exited. But after clearing out the shorts, can the market continue to rise mindlessly? My judgment is: unlikely. After the main force completes its phase of forcing shorts and cashes out liquidity, it is highly probable that the market will pull back, reversing to harvest high-leverage long positions that chased the rally. This is a typical turning point between bulls and bears, and also the most contrarian position.

On a small cycle, after the price hit a new high, it faced resistance and pulled back. Recently, it has been oscillating widely at high levels, with a clear box structure. The current price remains within the box and has not formed an effective breakout.

In short-term trading, when the price approaches the upper edge of the box, selling pressure increases, and upward momentum diminishes. The approach must be clear: no break, no establishment; no chasing, no excessive longs.

The morning view remains unchanged: prioritize short positions at high levels, and continue to position for dips. I choose to stand on the same side as the bears, patiently waiting for opportunities, and will not emotionally chase the rally and give away profits.

Bitcoin trading suggestion: around 94,300-94,900 short, with a target of 93,300-92,000.

Altcoin: around 3,250-3,290 short, with a target of 3,150-3,050. #Gate2025年度报告 #加密市场开年反弹