1.6 Bitcoin Auntie's Morning Thoughts

After several days of slow bull-like rally, many short-sellers are already pushed to the limit. The main force started repeatedly accumulating at around 87,000, using low volatility and a slow upward push to continuously squeeze out shorts. The highest point overnight reached 94,700. This move is very clear—aimed at liquidating the shorts. From the market perspective, the dense short zones above have been basically cleared out; most of the explosive moves have already happened.

But the question is: after clearing out the shorts, does the market really have a reason to continue the relentless upward push?

My personal judgment is—probably not. After completing the phase of squeezing out liquidity and forcing a short squeeze, the more rational choice for the main force is not to keep pushing higher but to pull back with the trend and then reverse to harvest the high-leverage longs chasing the rally. This is a typical turning point between bulls and bears, and also the most "counterintuitive" position.

From a short-term structural perspective: after hitting a new all-time high, the price clearly shows signs of resistance and pulls back. Recently, it has been forming a wide-range consolidation at relatively high levels, with a very clear box structure. Currently, the price is still operating within the box and has not formed an effective breakout.

On the short-term level: when the price approaches the upper boundary of the box again, selling pressure significantly increases, and upward momentum clearly weakens. In this environment, the trading approach must be clear—no breaking out, no chasing.

Therefore, my morning view remains clear: at high levels, prefer to look for short opportunities; continue to position for dips. I still choose to stand on the same side as the short-sellers, patiently waiting for the main force to give an opportunity, rather than emotional chasing and getting caught.

Personal Suggestions:
Bitcoin: Enter around 94,000-94,800, target lower at 92,000, if broken down, watch for 9,000; long-term target at 86,500!
Auntie: Enter around 3,250-3,280, target lower at 3,150, if broken down, watch for 3,080; long-term target at 2,860!
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