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Recently, this wave of market movement has a bit of the "boiling frog in warm water" feeling.
Every day, it rises a little, seeming not strong, but it just doesn't fall.
A few days ago, there were upper shadows, making people think the bulls are powerless and might turn around at any moment, but starting today, the upper shadows are clearly converging, indicating that the bearish pressure is weakening, and the bulls are gradually gaining control.
More importantly, the funding rate has already turned noticeably negative, suggesting that this slow upward trend is actually continuously attracting people to short.
The more shorts there are, the less likely it is to drop sharply in the short term—because the main players prefer to "harvest a wave" first.
So, be cautious of an extreme move:
A sudden large bullish candle, forcibly pushing the price up, directly crushing the shorts, or even a false breakout of a key trend level.
Key zones to watch are around 75,000–76,000.
If it’s really pulled up quickly, forming a false breakout of the trendline, it’s very likely the "last wave of trap longs."
My own view remains unchanged:
A real decline probably won't come directly.
Before that, it’s more likely to see a phase of "extreme trap longs," pushing sentiment to the top before turning.
If you’re still adding to your shorts recently, you must control the pace carefully.
It’s not that you can’t short, but you need to guard against a move where you get "trapped and blown out first, then it drops."
Market movements are not achieved overnight; they gradually lead people's emotions.
The current signals from the market are—bears are accumulating, but the main players haven't started yet.