The stop-loss got triggered yesterday; around $BTC 77580 it was stopped out. .
The situation right now is pretty interesting: the funding rate is only 0.0082%, and long/short positioning is basically balanced—no longer the kind of crazy long-dominated market feeling from before.
Today the price swings are pretty big; it’s been bouncing from 76420 to 79220 for nearly 3,000 points. In the short term, the 76420 level must hold. If that breaks, the next support will be 75000. The resistance is at 79220; if it breaks through, short positions will likely get buried in the short term.
Looking at the funding rates of a few altcoins: ACE -0.71, KSTR -0.25, BNC -0.22—everything is negative, which means there are actually more people shorting. Overall market sentiment is cautious; this isn’t a stage of long frenzy.
I placed a long at 77000 and set the stop-loss at 76000. My position size isn’t large, because in this kind of market, chasing rallies and cutting when it dips can get you swept back and forth. This setup is more of a range/sideways play—high-sell, low-buy is more reliable than holding on stubbornly.
We’ll see which way it goes once the data over there comes out tonight. Right now, both the long side and the short side are holding their breath.
#Write2Earn #Crypto
⚠️ Personal views only, not investment advice.
The situation right now is pretty interesting: the funding rate is only 0.0082%, and long/short positioning is basically balanced—no longer the kind of crazy long-dominated market feeling from before.
Today the price swings are pretty big; it’s been bouncing from 76420 to 79220 for nearly 3,000 points. In the short term, the 76420 level must hold. If that breaks, the next support will be 75000. The resistance is at 79220; if it breaks through, short positions will likely get buried in the short term.
Looking at the funding rates of a few altcoins: ACE -0.71, KSTR -0.25, BNC -0.22—everything is negative, which means there are actually more people shorting. Overall market sentiment is cautious; this isn’t a stage of long frenzy.
I placed a long at 77000 and set the stop-loss at 76000. My position size isn’t large, because in this kind of market, chasing rallies and cutting when it dips can get you swept back and forth. This setup is more of a range/sideways play—high-sell, low-buy is more reliable than holding on stubbornly.
We’ll see which way it goes once the data over there comes out tonight. Right now, both the long side and the short side are holding their breath.
#Write2Earn #Crypto
⚠️ Personal views only, not investment advice.