#币安HODLer空投STO

5.3 Weekend Morning Market Overview: $BTC High-level Consolidation

The big pie (Bitcoin) closed with an upper shadow and a bullish candle this morning, with strong bearish forces, and the funding rate is also negative. The focus is on continuing to oscillate downward during the day.

The big pie has a head and shoulders pattern, with the right shoulder forming around 95.2, but it may not be certain; during the day, the big pie is still hovering near the 96.5 support looking for direction. 96.5 is the 0.618 position of this rising range; if it breaks down, look for support below at 95.5-95; conversely, if it breaks down and rebounds weakly, the market will still experience a wave of oscillation time. After all, this range has only been pulled up in the last 2 days, and the market needs to repair while the traders need to consolidate and accumulate. Let's observe the trend.

The big pie spot ETF had a significant net inflow last week. Do you think the bull is back? As of now, 24H liquidations across the network amount to 140 million, with longs and shorts balanced at 55, indicating that the current direction is unclear, so let's watch and see.

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