Quick #BTC View – Morning 09/01
• This morning, funding has started to turn negative, while OI remains slightly positive → showing that retail traders are gathering on the short side.
⇒ High probability this move is short-baiting and a short squeeze may follow.
• Today is Friday – the last active session for big money flows, usually bringing stronger volatility, and it also coincides with Non-Farm Payrolls → classic time for the market to “go eat” 😌.
• Daily support: 89k – 89k3, still a strong and effective support zone for price.
• Major resistance above: 95k – 96k, a very heavy area that BTC needs multiple reactions to clear → don’t mistake a few swallows for spring; better wait until after Lunar New Year.
👉 At this stage: either trade against the crowd or stay on the sidelines.
Don’t swim with the retail crowd.
