futurestrading

Market is in capitulation.
Fear is extreme.
Funding is deeply negative.
And liquidity is building right under resistance.
Here’s why this move matters:
Trend:
Daily structure = LL/LH inside a descending channel.
However, price is holding the $66K–$68K demand zone after aggressive sell-off.
Structure Shift Trigger:
A clean break and daily close above $70K–$71K = bullish BOS.
That flips short-term structure.
Support: $66K–$68K
Major Support: $60K
Resistance: $70K → $72K → $78K
EMA Alignment:
Price below 50/200 EMA (bearish bias).
Reclaiming 70K = EMA reclaim attempt.
RSI:
Daily RSI near oversold (low 30s).
4H showing bullish divergence → downside momentum weakening.
Volume:
Selloff had liquidation spike.
Bounce volume light → this is positioning, not breakout yet.
Break above 70K must come with expansion volume.
Derivatives Signal:
• Funding deeply negative (short-heavy)
• Open Interest reset after flush
• Crowd positioned bearish
This is fuel for a squeeze.
Trade Plan (High Risk / High Reward)
Entry Zone: $67K–$68K
Stop Loss: Below $65.8K
TP1: $72K
TP2: $78K–$80K
Invalidation: Strong daily close below $65K
If $70K breaks with conviction → momentum acceleration likely.
If $66K fails → next magnet = $60K liquidity.
Right now:
We’re sitting at compression before expansion.
Watch $70K carefully.
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