BTC 5/5 Strategy and Data Update

🔥 BTC has now entered a high-position game zone, with the price still rising on the surface, and CVD also increasing, indicating that there are still buy orders pushing in the short term, but the open interest has surged, and the funding rate has turned negative, showing that there is a significant divergence on the contract side, with many bears entering at high levels.
This is not a healthy rally, more like a high-leverage squeeze. The short-term may still wipe out positions, but the more we are in this position, once the key support is broken, the pullback could be even more violent.
✨ In the short term, it’s possible that more wipeouts will occur, even testing 81,700–83,400, but the more we are in this position, the less blindly we should chase longs. Because once the key support below is lost, the high-leverage positions accumulated will turn into fuel for a decline, and the pullback will be faster.
Next, focus on: 80,300 / 80,000 / 79,500
As long as these levels are not broken, the bears cannot be considered completely safe, and the market may continue to wipe out positions repeatedly.
But if the price effectively breaks below 79,500 and cannot rebound back up, I will consider the short-term bears to be gaining the upper hand, with the first support at 78,200.
☀ Current strategy:
You can try a small short position, but don’t get too attached.
If the resistance above is not broken, there is still room for a short-term pullback;
but before the support below is broken, short positions should only be treated as short-term trades. Once the key support is broken, the bears will be considered safe.

Still the same advice:
Use small positions, set stop-losses, don’t chase shorts, wait for confirmation. #BTC