If BTC makes another surge, the situation will become completely clear.

The main force has spent over 20 days aggressively pushing, and the upward cycle is basically exhausted.
In a bear market environment, continuous surges for one or two months are simply unrealistic.
So, moving forward, the probability of a decline will increase gradually.
At this position, many short positions have been liquidated, and traders are beginning to doubt themselves.
Meanwhile, the funding rate has turned positive — appearing optimistic on the surface, but actually indicating a potential short-term correction.