Encrypted total market value returns to $2.8 trillion, and market sentiment has warmed up. However, CL has not kept pace and instead has moved into an independent weak trend. I believe there is still downside pullback pressure in the short term. In terms of liquidity: over the past 24h it fell 3.7% and the lowest point reached 91.13. Open interest remains at 465k coin units with no reduction, indicating that the shorts have not exited. Funding rates have dropped to zero, and the long-vs-short battle appears stuck; within 1 hour, the decline is only 0.80% away from the low. The 4-hour timeframe has risen, but it is already -9.27% below the high—near-term selling pressure is dominant. In the order book, the top 10 levels show 73k bids versus 57k asks, and the buy/sell ratio of 1.28 suggests there is support at lower levels. It’s suggested to go long with a small position around 91.83, set a stop-loss at 90.47, and target 94.62. If price rebounds to 94.85 and meets resistance, you can consider a short; stop-loss 96.13, target 92.35. Keep position sizing within 10%. If it breaks below 90.47, exit decisively.

——Only my personal opinion, does not constitute investment advice. Wishing you a smooth trade.——

$CL# Crypto total market capitalization returns to $2.8 trillion