【$NIL Signal】Empty Position + Short Squeeze Cooling Observation

$NIL After experiencing a violent surge of over 25%, the market is now cooling and consolidating at high levels. The current chart shows typical aftermath of a short squeeze, with funding rates deeply negative (-0.3845%) and open interest (OI) stable, indicating that shorts are still being squeezed, but the price has significantly retreated from the high point.

🎯 Direction: Empty Position (NoPosition)

【Market Analysis】

The 4-hour candlestick shows that the price surged from around 0.048 with a massive bullish candle to 0.065, then quickly retraced to around 0.056. The last 4-hour candle closed lower, and the buy/sell ratio (0.49) is near neutral, indicating exhaustion of chasing buying.

【Logical Core】

1. Short squeeze confirmation: The funding rate is deeply negative, but the price surged without a corresponding decrease in OI, which is typical of a short squeeze rather than a healthy bullish trend. Entering long positions now carries very high risk; shorting is counter-trend and taboo.

2. Technical divergence: RSI (63.13) has fallen from overbought territory, and the price failed to hold above the previous high of 0.065. Currently, the price (0.05619) is above the EMA20 (0.0491), but has broken below the 50% Fibonacci retracement of the surge candle (about 0.0565), indicating weakening bullish momentum.

3. Order book warning: The depth imbalance is as high as 17.65%, with bids significantly thicker than asks, seeming to provide support. But note that a large number of buy orders are stacked in a very narrow zone below the current price (0.05600-0.05617), which looks more like an "iceberg order" or a trap to induce buying rather than solid institutional accumulation. Once broken, support will quickly collapse.

4. Volume and price analysis: During the surge, volume was extremely high (1130M), and during the retracement, volume remains large (690M), indicating high-volume stagnation at the top, a clear sign of profit-taking. Healthy bullish trends require volume to decrease during retracement; current conditions do not meet this.

Core Strategy: Abandon this trade. The aftermath of a short squeeze is very difficult to grasp, with volatile and disorderly movements. Wait for the price to show clear volume and price stabilization signals at key levels (such as EMA20 support at 0.049 or previous breakout at 0.048) before considering long entries, or wait for a rebound to the 0.060-0.062 resistance zone with signs of stagnation before considering short opportunities. The current risk far outweighs the reward.

Trade here 👇 $NIL

---

Follow me: Get more real-time analysis and insights into the crypto market!

‍#我在Gate广场过新年 #当前行情抄底还是观望？ $BTC $ETH $SOL