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As long as it can hold steady at 78K and doesn’t break below, there’s a reason to be bullish,
If it can’t hold steady, it’s just a scam to lure people in—after the main players finish liquidating the short positions above, it will come down.
In a bear market, there will be countless rebounds to trick retail traders into jumping on board.
No matter how you look at it, being able to make money is impressive.
There’s still some liquidity above, roughly around 76-77k,
In the afternoon, the funding rate all turned from negative to positive,
Clearly, more people have surrendered and joined the long side.
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