21/04/2024
For a moment, it seemed like there might be a reversal today, but it turned out to be just a brief local pump.
Despite bears trying hard to push for a breakdown using leverage, spot bidders keep defending the range lows.
The funding rates for various crypto like BTC, ETH, SOL, DOGE, BNB, B*H, PEPE, WIF, and TIA, are mostly negative or close to it, signaling a bearish sentiment in the market.
Remember, it's best not to go against the trend!
There might be a squeeze, possibly during weekends. While this could be profitable for bear traders, using big leverages could be risky.
Trade wisely and stay safe!