ASR-VC Indicator 4h Channel Status Update:

Currently, the $BTC 4h line is still being suppressed by this secondary supply zone. The price action is very standard; every time it enters the supply zone, there is a slight pullback. Meanwhile, as the price continues to test the supply zone, the spot premium index has started to gradually decline...

This is a potential "bearish signal" mentioned yesterday. If the premium continues to drop significantly while consolidating:

Then before the price ultimately breaks upward, there may be a pullback to the midline...

Currently, the midline is around 105k...

If you want to short based on this expectation, it is still advisable to be cautious, at least wait until there is a clear break in the current small range before entering, because the current 4h level is still a standard bullish trend. Before the price breaks below the midline, the trend structure favors the bulls.

However, if this rebound stops at 108k, the descending channel on the chart remains valid, which indicates a large-scale structure where highs and lows are synchronously declining. To disrupt this structure, a higher low must first be established!

In this case, the midline may not necessarily be the pullback target, but 103k becomes the final target...

Similar to the last dip to 53k before the surge at the end of 2024.

In summary, since the price has been blocked in the supply zone for two consecutive days, it is not urgent to go long until the price confirms a breakout of this supply zone...

Liquidity and funding rates are not the core basis for trading; price is.

Even if bullish, patience is needed to wait for an effective breakout...