2026-01-03 05:20:33

Looking at the Bitcoin weekly chart, it is currently in a breakdown state. The current market trend is essentially a trap to induce long positions—shorts have accumulated enough, and only after a short squeeze is completed will the price truly decline. Considering that there are no signs of weakness on smaller timeframes, short positions should be quite accumulated, so the price may continue to push upward, further triggering a short squeeze.

BTC has already touched the top of the range, previously repeatedly testing resistance around 90500. This is not a reversal, just a rebound. So do not chase the high. The current strategy is simple—place short orders at resistance levels, maintain a conservative mindset, and wait for a genuine decline opportunity. Rebounds and reversals are two different things; they must be distinguished.

BTC0.31%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

11 Likes

Reward
11
5
Repost
Share

Comment

0/400

ChainSherlockGirl

· 9h ago

Bull trap or bear trap, basically it depends on who has more chips. Based on my analysis, the large traders' psychology at the 90500 resistance level is definitely very interesting right now.

View OriginalReply0

GigaBrainAnon

· 9h ago

Is it a trap for bullish or bearish? I really can't understand this market trend. Anyway, I don't dare to chase anymore.

View OriginalReply0

WalletInspector

· 9h ago

Tired of the manipulation tricks, 90500 is the ceiling, short positions are already in place waiting for the breakout.

View OriginalReply0

GateUser-40edb63b

· 9h ago

The so-called "inducing long" argument is back again. Every time, they say the price only truly drops after a short squeeze is completed, but in reality, the coin price keeps soaring. I think your short positions are about to be liquidated, right?

View OriginalReply0

AirdropworkerZhang

· 9h ago

Is it a bull trap or a bear trap? I really can't tell in this wave. Wait, do I still need to keep pushing before the crash? Then won't my short position get liquidated? The 90500 level has indeed been a tough barrier for a long time. Rebounds and reversals can really be confusing. It's better to be conservative; don't be greedy for this small rebound profit.

View OriginalReply0