Post
AI是一个时代
·
--
Brothers, the funding rate is generally bearish, and the market sentiment is a bit anxious! I just looked at the data, BTC is now $88,713, down 2.78% in the last 24 hours, indeed under some pressure.
From a technical perspective, BTC's RSI has dropped to around 29, close to the oversold area, indicating that selling pressure may be nearing its end. The TD sequence also shows that a buy signal has previously appeared; although the signal is not strong now, at least it’s not entirely bearish.
A bearish funding rate is actually a contrarian indicator; when everyone is bearish, it often means a rebound is coming soon. If shorts are too concentrated, even a slight price rebound could trigger short covering, which could accelerate the rise.
I believe that in the next 24-48 hours, BTC, ETH, and SOL may first test a bottom, then welcome a technical rebound. The key is whether BTC can hold the support level of $88,000; if it holds, a rebound to $90,000-$91,000 is quite promising.
$BTC
{future}(BTCUSDT)
$ETH
{future}(ETHUSDT)
From a technical perspective, BTC's RSI has dropped to around 29, close to the oversold area, indicating that selling pressure may be nearing its end. The TD sequence also shows that a buy signal has previously appeared; although the signal is not strong now, at least it’s not entirely bearish.
A bearish funding rate is actually a contrarian indicator; when everyone is bearish, it often means a rebound is coming soon. If shorts are too concentrated, even a slight price rebound could trigger short covering, which could accelerate the rise.
I believe that in the next 24-48 hours, BTC, ETH, and SOL may first test a bottom, then welcome a technical rebound. The key is whether BTC can hold the support level of $88,000; if it holds, a rebound to $90,000-$91,000 is quite promising.
$BTC
{future}(BTCUSDT)
$ETH
{future}(ETHUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.