Good day!

🤑For BTC, we hold a level of 107600(0.23, ). Locally, this is a positive sign.

But based on the formation that is being created above 111k, it seems we won't see it in the near future. Since a descending wedge is forming, which usually breaks downwards.

I expect a local rise to 110-111k with a squeeze of short positions. And there are quite a few accumulated in that area.

The funding rate with a very slight predominance of longs, which is unusual and indicates a shift in crowd sentiment towards shorts.