BTC currently is on a downward parallel channel and struggling to stay up top of fib ext of 2.168 ie $67.3k after breaking another ATH yesterday. However bearish divergence is showing in hourly time frame.
Another observation is funding rate. When funding rates are high in exchanges, prices tend to retrace and back to the "normal range". And with the hype of BTC could reach $100k by year end, there is no surprise that most are longing on their leverage. I am still neutral if prices will follow as script and break through to the new ATH by end of this year.
BTCUSDT
BTCUSDT
Another observation is funding rate. When funding rates are high in exchanges, prices tend to retrace and back to the "normal range". And with the hype of BTC could reach $100k by year end, there is no surprise that most are longing on their leverage. I am still neutral if prices will follow as script and break through to the new ATH by end of this year.
BTCUSDT
BTCUSDT