$BTC has been reclaimed 70,000; the next checkpoint ahead is only 71,800–72,000.
The funding rate is still 0.01%, and there’s no extreme imbalance between long and short positions across the market. But the top holders have 61.2% of their positions leaning on the long side, and the troops are starting to get crowded.
70,500 is the first line of defense, and 69,200 is the main position. If 72,000 holds, the targets are 73,200 and 74,500 in sequence. If 69,200 is lost, stop the offensive and wait for re-grouping.
The funding rate is still 0.01%, and there’s no extreme imbalance between long and short positions across the market. But the top holders have 61.2% of their positions leaning on the long side, and the troops are starting to get crowded.
70,500 is the first line of defense, and 69,200 is the main position. If 72,000 holds, the targets are 73,200 and 74,500 in sequence. If 69,200 is lost, stop the offensive and wait for re-grouping.