This week, BTC’s volatility has been relatively small, but the premium index has remained negative. With continued selling in the US market, the bigger direction still favors a rebound followed by shorting.



On the hourly timeframe, it is still rebounding and repairing, but the rebound is weak. If price moves into the 78.5–79.5K area to complete the right shoulder and fill the CME gap, then watch for a drop.

This resistance is relatively strong. You can try shorting in batches on the right side. Below, watch the meridian level at 75K; if it breaks down, look toward 71.7K.
BTC-0.46%
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