The market just got heated 🔥

$BTC Perpetual Funding Rate has hit a 20-month high. This means for the first time in 20 months, most traders are positioned Long.

Here are 3 key points:

1. Bullish Signal

BTC broke out of the descending trendline. Chart looks strong and new buyers are entering.

2. The Risk

When everyone is Long, the market can move opposite. High funding = high risk. A quick dump can liquidate over-leveraged longs.

3. My Plan

No FOMO on 20x-50x leverage. Holding spot and buying dips. Risk management is key.

Key Levels:

Support: $60,500

Resistance: $64,000

Next Target: $66,000

Invalidation: Daily close below $59,000

Final Thought:

Short term bullish on BTC, but stay cautious. Expect volatility with funding this high.

What's your take?

Will BTC go straight to $66K or retest $60.5K first? Comment below 👇

#BTC TC #bitcoin in to #FundingRates ate #BTCUSDT