BTC is at 64.8k, funding rate still in positive territory—bulls really aren’t afraid of death
In the last 24h, it’s up 0.79% with volume of 7.95 billion; it looks lively, but in reality both longs and shorts are just betting.
Funding rate is 0.00514%, and it hasn’t even gone negative—this means the shorts are being pinned down hard. But it also means the longs have stacked leverage high—one needle can trigger a chain liquidation.
Daily structure: high at 65,358, low at 64,128, and the range is tightening. R1 is 65,452, S1 is 64,128. Now 64,887 is stuck in the upper-middle—if it can’t break up, it’s a fake breakout; if it drops, longs will get stampeded.
Bias: slightly bearish. The reason is simple—price and volume aren’t aligned, and the rise looks fake. The area around 65,400 is a short-term heavy resistance zone; if it can’t hold, it likely falls back to 64,000. ETH is weaker too—can’t even reach 2,600. BNB at 589 is also barely hanging on.
Don’t chase longs. Chasing longs here is basically feeding the market makers. Wait for a high-volume bearish candle confirmation, or wait until the funding rate turns negative before considering entries from the left side.
$BTC daily sell point: $65453 Daily buy point: $64128
$ETH daily sell point: $2600 Daily buy point: $2505
$BNB daily sell point: $595 Daily buy point: $578
$BTC #BTC $ETH #ETH $BNB #BNB
In the last 24h, it’s up 0.79% with volume of 7.95 billion; it looks lively, but in reality both longs and shorts are just betting.
Funding rate is 0.00514%, and it hasn’t even gone negative—this means the shorts are being pinned down hard. But it also means the longs have stacked leverage high—one needle can trigger a chain liquidation.
Daily structure: high at 65,358, low at 64,128, and the range is tightening. R1 is 65,452, S1 is 64,128. Now 64,887 is stuck in the upper-middle—if it can’t break up, it’s a fake breakout; if it drops, longs will get stampeded.
Bias: slightly bearish. The reason is simple—price and volume aren’t aligned, and the rise looks fake. The area around 65,400 is a short-term heavy resistance zone; if it can’t hold, it likely falls back to 64,000. ETH is weaker too—can’t even reach 2,600. BNB at 589 is also barely hanging on.
Don’t chase longs. Chasing longs here is basically feeding the market makers. Wait for a high-volume bearish candle confirmation, or wait until the funding rate turns negative before considering entries from the left side.
$BTC daily sell point: $65453 Daily buy point: $64128
$ETH daily sell point: $2600 Daily buy point: $2505
$BNB daily sell point: $595 Daily buy point: $578
$BTC #BTC $ETH #ETH $BNB #BNB