BTC has been grinding above 68,400 several times but hasn't broken through. The last hourly candle crashed back down.
Open interest is decreasing, and the funding rate has been negative for two consecutive periods—money hasn't followed the price.
I'm not chasing long positions anymore.
If it breaks below 67,800, I can go short. If it stabilizes above 68,600, then we can consider going long.
#BTC #TradingSignals
Open interest is decreasing, and the funding rate has been negative for two consecutive periods—money hasn't followed the price.
I'm not chasing long positions anymore.
If it breaks below 67,800, I can go short. If it stabilizes above 68,600, then we can consider going long.
#BTC #TradingSignals