As BTC Bitcoin falls from 82,800, more people are bottom-fishing. When the funding rate rises, it turns positive.

I’ve drawn the latest BTC Bitcoin price chart.
Next, the 5-day period from May 7 to May 12 will see heavy range-bound movement between 79,000 and 82,000. This is what’s called a grind-top market—late bull, early bear. The “top” is a range; for example, the current top range is 80,000 to 82,800. The coin price will move up and down within this range, grinding the top range back and forth a few times—so as to lure in a round of bottom-fishing longs. Then, the real big drop comes in mid-May. After that, it keeps falling lower and lower. Above 80,000, it traps a large number of long positions, completing the “harvest” of selling coins to bagholders.
In this kind of market, between 79,000 and 82,000, you can only do short-term intraday trades—opening and closing positions on the same day—which is exhausting. Such short-term trades are something I stopped doing long ago.
Next, wait for a rebound to the secondary high point. Then short it in mid-May, and from mid-May to late May you’ll get a round of the big top dump from mid-May. $BTC ‌#Gate广场五月交易分享