$BTC 80,500 USDT: Breaking through 80k resistance with ease—the bulls are pressing on all fronts.
Derivatives data:
• Top Trader L/S: 1.92 (over 65.7% of positions are heavily tilted Long).
• OI: At a record low of 7.71 billion USDT.
• Funding rate: 0.0077% (spot inflows of 1.62 billion USDT are providing solid support, without things getting overheated).
Scenario: Short sellers trying to block the rally could easily get cooked here, since liquidity above is still thin. Watch for a retest of the 79.5–79.8k zone for a safer entry rather than chasing the FOMO.
Are you riding with the bulls and holding Long, or waiting to Short the resistance?
$BTC $ETH $SOL #BinanceSquare #Crypto #Trading #Bitcoin
Derivatives data:
• Top Trader L/S: 1.92 (over 65.7% of positions are heavily tilted Long).
• OI: At a record low of 7.71 billion USDT.
• Funding rate: 0.0077% (spot inflows of 1.62 billion USDT are providing solid support, without things getting overheated).
Scenario: Short sellers trying to block the rally could easily get cooked here, since liquidity above is still thin. Watch for a retest of the 79.5–79.8k zone for a safer entry rather than chasing the FOMO.
Are you riding with the bulls and holding Long, or waiting to Short the resistance?
$BTC $ETH $SOL #BinanceSquare #Crypto #Trading #Bitcoin