Bitcoin nudges higher but stays range-bound as short bias persists.

Bitcoin edged up modestly in recent trading but has yet to break out of the tight range that has defined price action over the past several sessions. Traders appear unconvinced by the move, with positioning data continuing to reflect a net short bias — suggesting the market is treating any lift as a selling opportunity rather than a breakout signal.

Range-bound conditions typically resolve with a sharp move in either direction once a catalyst arrives. Until then, the path of least resistance stays sideways, with short-side pressure acting as a ceiling on any rally attempt.