The recent slow upward trend of Bitcoin can be considered an extreme form of torture for the short sellers. From 65,500 gradually rising to 71,000, nearly a 6,000-point increase, all without any substantial positive support. This is a typical manipulation-driven short squeeze pattern.

The main force is gradually pushing the price higher, continuously boosting market sentiment. The core purpose is to shake out weak hands and harvest high-leverage short positions. Such volume-less rallies are inherently unhealthy. After a sharp rise on the four-hour chart, the price clearly stagnates, momentum wanes, the KDJ indicator turns downward, and short-term pullback signals are evident.

Tonight, Linran remains firmly bearish, standing shoulder to shoulder with the short sellers. The rebound is an opportunity to short, continue to position at high levels, and wait quietly for a market reversal.

Trading suggestion: Short around 70,800-71,600, with a target of 68,000-67,200, and a break below 66,000.