Market Changes 🙌
Last night, funding changed sharply for the better, creating favorable conditions for a market correction. As a result, we experienced a drop of 2%, and we are currently trading around $94,000.
I understood that we should soon see a cooling off, however, due to the negative funding, I allowed for the possibility that this would happen after another bounce, but as it turned out, the funding changed unexpectedly, and we received a correction slightly earlier.
At the moment, we have 2 open gaps at $91,900 and $97,000, which we should close in the near future. Given the current greed in the market and the beginning of a local downtrend, we will likely first see the closure of the lower level before heading to $97,000.
