$ETH
Shouting that the ETH weekly RSI breaks out, they rushed into a surge zone—tearing through a range that had been bound for a year. But on the chart, you basically never see spot capital following in with that kind of violent force.
On Twitter everyone is praising the breakout, but the derivatives open interest and the funding rate are eerily quiet—there’s no sign at all that shorts are being forced into large-scale liquidations.
If the high-level成交 volume keeps shrinking, and the price falls back into this same one-year base range again, then this technical signal is nothing more than a bull-trap fake breakout
Shouting that the ETH weekly RSI breaks out, they rushed into a surge zone—tearing through a range that had been bound for a year. But on the chart, you basically never see spot capital following in with that kind of violent force.
On Twitter everyone is praising the breakout, but the derivatives open interest and the funding rate are eerily quiet—there’s no sign at all that shorts are being forced into large-scale liquidations.
If the high-level成交 volume keeps shrinking, and the price falls back into this same one-year base range again, then this technical signal is nothing more than a bull-trap fake breakout
