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It's not looking good for the bears here.
Bitcoin has:
1. Broken the 6 month downtrend
2. Deeply negative and consistent funding
3. Consistent positive Coinbase Premium
4. Strong spot volume with new local highs
This is a healthy spot driven rally that is forcing shorts to cover as we keep grinding higher.
This very likely ends with a massive short blowout as the price pushes them to deep and they all get shut out.
In each place I look I only see a very strong bottom forming here as bears keep moving their targets higher for a reversal.