There are ongoing signs of weakness while we don't see price sustain above 58k.
Futures premiums were extremely high and now seeing a bit fo normalisation as price retraces.
The 50-52k range is a zone of interest and high probability support (with wick extension towards 49k)
Perpetual swaps are now starting to trade more consistency bellow spot pushing funding rates into zero or negative.
Check the full video for my thoughts on it.
Futures premiums were extremely high and now seeing a bit fo normalisation as price retraces.
The 50-52k range is a zone of interest and high probability support (with wick extension towards 49k)
Perpetual swaps are now starting to trade more consistency bellow spot pushing funding rates into zero or negative.
Check the full video for my thoughts on it.
D7R
