The newly launched cryptocurrency, baby, is a very good track conceptually. Although there have been some before, this one is attracting attention during the Bitcoin bull market.

Introduction: Babylon is a decentralized system that allows users to directly stake native Bitcoin on the Bitcoin blockchain without the need for intermediaries. The protocol adopts an innovative shared security architecture that extends Bitcoin's security model to a broader decentralized ecosystem. Through this architecture, Bitcoin holders can participate in multiple staking operations while keeping their assets on the Bitcoin network, providing verifiable security assurance for the Bitcoin Security Network (BSNS).

From a technical perspective, on the red dividing line, every wave of increases still has significant washout intensity. There has been close attention and participation throughout this phase. The major reason for this in the early stage is that there are many shorts, and the tug-of-war between longs and shorts is very intense, especially since the funding rate is directly set at -2%. This is something that goes without saying. At the same time, the leverage for opening positions in bn is limited to 5 times. These two conditions indicate how competitive the internal K-line is.

On the right side of the dividing line, it is evident that the shorts are exerting less pressure; only in the first half of the night are they still struggling, while the latter part is basically flat with relatively small fluctuations (which are actually not small). Specific observations can be made regarding the price changes. Fortunately, the rates have also come down, so the shorts do not need to sell off so aggressively anymore. The bulls can continue to exert pressure and explode the remaining shorts.

Friends looking to get on board should look for opportunities here, as there are still large bullish candles.