BTC is almost at 70,000—this move may not be over yet.
A 8% surge paired with a 2.2B trading volume has really blown the bears out of the water. But I noticed the funding rate is only 0.01%—retail investors haven’t rushed in yet—so there may still be momentum left.
I opened a long at 66,500 and I’m holding from there. My stop-loss is at 64,000. If it breaks below today’s low, I’ll cut immediately.
In the short term, watch whether 70,000 can be broken. If it breaks, we’ll target the prior high. If there’s a pullback, focus on whether 68,000 can hold. If it holds, keep the bullish mindset.
What’s interesting is that both UNITREE and HOME have negative funding rates, which suggests the shorts on these coins are continuously paying the longs—so if you want to short, be careful. The BNC’s +1% funding rate is a bit alarming; chasing longs at the highs carries significant risk.
The core of this move is whether BTC can hold 68,000. If it holds, the bulls are in control. If it doesn’t, it’ll likely be another shakeout. How much ammo do you still have?
#Write2Earn #Crypto
⚠️ Personal opinion only, not investment advice.
A 8% surge paired with a 2.2B trading volume has really blown the bears out of the water. But I noticed the funding rate is only 0.01%—retail investors haven’t rushed in yet—so there may still be momentum left.
I opened a long at 66,500 and I’m holding from there. My stop-loss is at 64,000. If it breaks below today’s low, I’ll cut immediately.
In the short term, watch whether 70,000 can be broken. If it breaks, we’ll target the prior high. If there’s a pullback, focus on whether 68,000 can hold. If it holds, keep the bullish mindset.
What’s interesting is that both UNITREE and HOME have negative funding rates, which suggests the shorts on these coins are continuously paying the longs—so if you want to short, be careful. The BNC’s +1% funding rate is a bit alarming; chasing longs at the highs carries significant risk.
The core of this move is whether BTC can hold 68,000. If it holds, the bulls are in control. If it doesn’t, it’ll likely be another shakeout. How much ammo do you still have?
#Write2Earn #Crypto
⚠️ Personal opinion only, not investment advice.