After Bitcoin ($BTC $ETH ) broke the historical high, it did not experience the sideways movement or significant correction that the market expected; instead, it continued to rise steadily. Recently, I have seen many people shorting in the market, but why is it not appropriate to short now?

🔹1. The open interest of Bitcoin is rising, indicating that a large amount of capital is flowing into the market along with the rise of Bitcoin, showing a strong bullish trend.

🔹2. The exchange netflow is negative, indicating that selling pressure is weakening, and prices will continue to rise.

🔹3. The funding rates are not high, suggesting that the market has not entered an extremely euphoric state, making the trend relatively healthy.

My view: The current bullish structure in the market has not been broken, and the probability of continuation is high. It is not advisable to blindly short. Maintain patience and discipline, young king 💪