I mentioned the importance of the Coinbase premium index range structure 0.5 zone. The price reacted to this zone and started to rise. As long as this zone is not lost, the price will remain positive.
The level I set in the open interest indicator continues to work as support. I will continue to monitor it.
The decline in funding rates is a positive data for the rise.
I will share new analysis and scenarios with the beginning of the new week.
Translated with DeepL.com (free version)
Written by TraderOasis
