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The funding rate has been negative for two consecutive days now, and this upward trend has not yet completed, but I hold a long position with a cost basis of 61K, waiting for the price to surge to 67.5K.
Profits should be taken in stages above, and after taking profits, no new long positions should be opened above 68K for the time being.
If the market stabilizes within the 67.5K-68K range, the next key resistance levels are 71K and 73.7K; the core support levels below are 64.5K and 63.6K.
As long as the support at 63.6K holds without breaking, the overall bullish trend remains unchanged.
On Thursday, the FOMC interest rate decision meeting will take place, and it is unlikely to see a strong rally during the meeting; instead, the market is more likely to face pressure and pull back beforehand.
Trading reference: Watch for buying opportunities on dips to 64.5K and 63.6K; consider short positions on rebounds reaching the 67.5K area. $BTC #Gate现货交易量逆势增长增幅全球第一