Just reviewed the market, broke down several key positions and logic to share with the brothers, let's keep an eye on the market together and not get lost! 🧐

1️⃣ Core Viewpoint: Subjectively inclined to see a rebound to touch around 79000.

2️⃣ The Code of Funding Rates: Starting from 71000, the funding rate has been negative, with a long-short ratio of 0.x. What does this indicate? The vehicle is too heavy, and the bears are frantically supplying resources. 🚗💨 In this situation, the market often tends to explode upward to trigger the stop-losses of the bears.

3️⃣ Technical Analysis Lines (Essentials):

• Key Resistance: 76000 is the high point left from the last wave.

• Resonance Target: Draw upwards using the price channel, the upper edge exactly hits 79000, which is also the previous rebound high point. The technical analysts call this the resonance resistance level, a hunting area worth closely monitoring. 🎯

• Support below: 73600, previous resistance has turned into support.

📝 How to create a trading plan?

• At 76000: Don't rush to short! Watch the price action; if there's a fake breakout (breaks up then falls back), you can take a small stop-loss short, targeting 73600-74000.

• At 79000: Similarly, watch for a breakout followed by a drop, then you can enter a short.

• Shorting conditions: Only consider chasing a short if it breaks down below 73600 with volume, otherwise you might get caught in a trap.

• Ultimate signal: When is the bear's chance the greatest? Wait until the funding rates turn positive and are ridiculously high! That's when bullish sentiment is peaking, and bears can calmly build their positions. 🧊

• Do you think we can hit 79000 this time? Let's discuss your price targets in the comments! 👇

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