Fixing the current $BTC needs a slightly different read…
The Open Interest size in the futures market has reached very high levels compared to the past few weeks, which means liquidity and positions are still strongly present in the market.
The Funding Rate is still positive too, indicating that the bulls haven’t fully given up yet 🐂
So if we see a rebound from the current levels today or tomorrow, it could just be a temporary correction—especially if we don’t witness a clear liquidation of overcrowded positions.
🔥 For me, the stronger, more stable rise first requires the exit of a large portion of leverage and the bulls’ capitulation, and that still isn’t clearly visible.
🎯 As for Bitcoin’s trading targets for the scalper/trader, I published them about a week ago and they’re still under watch.
#Bitcoin #BTC #Crypto #BullRun #BitcoinAnalysis #CryptoNews
The Open Interest size in the futures market has reached very high levels compared to the past few weeks, which means liquidity and positions are still strongly present in the market.
The Funding Rate is still positive too, indicating that the bulls haven’t fully given up yet 🐂
So if we see a rebound from the current levels today or tomorrow, it could just be a temporary correction—especially if we don’t witness a clear liquidation of overcrowded positions.
🔥 For me, the stronger, more stable rise first requires the exit of a large portion of leverage and the bulls’ capitulation, and that still isn’t clearly visible.
🎯 As for Bitcoin’s trading targets for the scalper/trader, I published them about a week ago and they’re still under watch.
#Bitcoin #BTC #Crypto #BullRun #BitcoinAnalysis #CryptoNews