BTC is around 81,500 now. It has barely moved over the past 24 hours, just wavering within this range, a little above the midpoint.
The price tested 80,800 twice on the way down, but bounced back both times, with each low higher than the last. The funding rate is 0.01%, which is very low. Long positions among top traders are still increasing, and their average entry price is also below the current price.
I’m leaning bullish and think it could make another attempt to move higher. But the premium is still negative, and spot buyers aren’t very active, so don’t expect a straight shot up.
If a four-hour candle closes below 81,000, I’ll no longer stand by this view.
Can it get past 82,000 this week?
Personal notes, not investment advice.
$BTC
The price tested 80,800 twice on the way down, but bounced back both times, with each low higher than the last. The funding rate is 0.01%, which is very low. Long positions among top traders are still increasing, and their average entry price is also below the current price.
I’m leaning bullish and think it could make another attempt to move higher. But the premium is still negative, and spot buyers aren’t very active, so don’t expect a straight shot up.
If a four-hour candle closes below 81,000, I’ll no longer stand by this view.
Can it get past 82,000 this week?
Personal notes, not investment advice.
$BTC
