The market is preparing for a short squeeze against #Bitcoin.

The market has risen to 75.000 đô la and was rejected there. A "shooting star" pattern has appeared on the daily timeframe, and everyone is panicking.
However, that is not the only indicator we should consider.
The (funding rate) transaction fee rate is negative. This means people are using excessive leverage to short while we are attacking the resistance level.
The (open interest) has increased significantly over the past few days, suggesting that many are trying to short $BTC in this area.
Clearly, that worked during the first test of the resistance level, because traders are likely to take profit in that zone. However, the market is testing this for the third time now.
At the moment, the potential for the market to break through the resistance level that is significantly higher than the previous test is much greater, and if that happens, it is very likely that 85-88 nghìn đô la will be the next resistance zone to be tested.
Why aren’t you worried about that Sao Băng pattern?
The market is forming higher lows and higher highs on lower timeframes, indicating sustained interest in this asset.
From that perspective, as long as $BTC it stays above $72K, I won’t be worried, and I prefer looking for buy orders rather than sell orders.