16:03 Recap: The key level of $BTC mentioned during the early session has not been triggered on either side yet.
Current price is around $69,870, and the high is still hovering near 70,450. There is no effective resistance break above it; at the same time, it has not pulled back to the $68,000–$68,500 observation zone either, so there is no entry rationale here—continue waiting.
It’s worth noting that while the price is consolidating, the 24-hour open interest increase has expanded to about 5.3%, and the funding rate is around 0.01%. Price has not broken out in sync, but leverage continues to build—making short-term bidirectional liquidations more likely.
Going forward, there are only two forms of confirmation: a volume-backed hold above 70,450, then watch for a pullback; or a drop to the $68,000–$68,500 range to see whether selling pressure can be stopped. Don’t chase while stuck in the middle.
#BTC #比特币 #Market Recap
Current price is around $69,870, and the high is still hovering near 70,450. There is no effective resistance break above it; at the same time, it has not pulled back to the $68,000–$68,500 observation zone either, so there is no entry rationale here—continue waiting.
It’s worth noting that while the price is consolidating, the 24-hour open interest increase has expanded to about 5.3%, and the funding rate is around 0.01%. Price has not broken out in sync, but leverage continues to build—making short-term bidirectional liquidations more likely.
Going forward, there are only two forms of confirmation: a volume-backed hold above 70,450, then watch for a pullback; or a drop to the $68,000–$68,500 range to see whether selling pressure can be stopped. Don’t chase while stuck in the middle.
#BTC #比特币 #Market Recap