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I was looking at the graph of this currency 💱 #Dusk/usdt✅ and observing closely, the currency was at its peak months ago, and now it is on the decline marking around 0.19 to 0.18. If we look a few days back, it was higher, so it may be that this month it drops and then starts to rise and take a better position... 🚀🤭 Well, that is what is expected because many have invested in a drop hoping to obtain good profits in the not too distant future.. 🫰🚀✅ $DUSK @Dusk
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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)
#势不可挡 #Strategy增持比特币 Good morning 🌞 People have magnetic fields; your circle determines your energy state. Stay close to those who make you shine. Distance yourself from relationships that constantly drain you. Your state is often related to the 5 people you interact with most. Professionals stand firm, and seriousness creates a personal stage. Industries won't eliminate paths; they only eliminate those who are careless. If you master something, you become a scarce resource. $BTC