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The entire network is shouting collapse, retail investors are piling into short positions, yet the market remains stubbornly unmoving downward. This counterintuitive operation is digging a trap for the shorts.
Without any major negative news crashing the market to break the deadlock, relying solely on technical panic and follow-the-leader shorting cannot cause a deep decline. As short positions pile up, the price remains stuck at the support level, easily triggering a collective stop-loss and short squeeze, turning the market upward.
Everyone is holding back, waiting for a big drop, but the market refuses to fall. From a technical perspective, without any news interference, a rebound is highly likely in the near future, which could instead expand the space for subsequent declines. #币圈 #区块链 $BTC $ETH