$FUN Playing like this is really cruel, if you get caught in this short you will probably be scared for life about the funding fee, tomorrow there will be a drop like this afternoon so some of you might escape with your goods.
$FUN Funding has not decreased, which means there might still be new peaks, it's unfortunate for those who are short, assets like this should only be watched.
$FUN The scam floor is always exposed, the funding fee is deducted once every 2 hours, so the price doesn't need to soar anymore, and even if you hold the order, the short traders will die because of the fees.
Main Trend (HTF - 1D) • BTC is in a downward correction trend after forming a local peak at 109,588 USDT. • Currently trading around 82,174 USDT, near an important support area. • A medium-term downtrend has formed after the price broke the support area of 96,725 - 89,468 USDT.
Market Structure • The price has created a lower high (Lower High - LH) and a lower low (Lower Low - LL) → Bearish structure. • If the price holds the area of 81,565 - 76,606 USDT, a bullish reaction may occur. • If this area is broken, BTC could decline further to 74,956 USDT or lower.
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Wyckoff Model & Smart Money Structure
Wyckoff Accumulation Scenario (Potential) • The price may be in the final stage of the accumulation process (Phase C - Spring).
Entry Strategy
Long Scenario (Buy) - High Probability • Entry: 76,600 - 81,500 USDT (Wait for price rejection signals, Bullish Engulfing, or Pin Bar). • SL: 75,500 USDT. • TP1: 89,000 USDT. • TP2: 96,000 USDT. • TP3: 103,000 USDT.
⏳ Probability: 75% if the price reacts strongly at the Demand area.
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Short Scenario (Sell) - If the price retraces to resistance • Entry: 89,500 - 96,500 USDT (Wait for price rejection signals, Bearish Engulfing). • SL: 98,000 USDT. • TP1: 82,000 USDT. • TP2: 76,600 USDT.
⏳ Probability: 65% if the price hits Supply and is rejected.
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6. Conclusion & Recommendations • Prioritize Long if the price holds above 76,600 - 81,500 USDT. • If the price retraces but does not exceed 96,500 USDT, consider Shorting at this area. • If it drops below 76,600 USDT, avoid Long and wait for a lower support area.
$BTC • BTC is in the distribution phase according to Wyckoff, may adjust to the support zone of 85,800 USDT or deeper. • The short-term trend shows signs of weakening, further confirmation of price reaction is needed. • Prioritize the Short strategy from the range of 87,500 - 88,000 USDT as selling pressure remains strong. • If the price drops to 83,500 - 84,000 USDT, consider a Long position with lower risk.