The bullish structure of Bitcoin continues, and the bullish forces remain strong!

It has currently stabilized at 0.618,

There are multiple small-level POV pressures between 0.618-0.786,

The bullish structure in the market is likely to face a reversal within this range,

The key position is around the black line at 99600!

The Bitcoin funding rate has continued to expand from last night -0.0008 to -0.01%, and currently, there is a huge holding position. Even if there is a pullback, the extent won't be large, with 95700-96300 serving as short-term support. For those with heavy short positions, it is advisable to reduce positions in this range; I will also close my short positions in this range.

Trading idea: go long at low prices and do not chase after highs!

Focus on the area around 0.618! $BTC