This rally, personally, I don't believe it signals a trend reversal; trend reversals are often not driven by contracts pushing prices higher,



As the price rises, the spot CVD (Cumulative Volume Delta) is actually decreasing, while long contracts are increasing, but the funding rate has remained negative (more people are short), currently a short squeeze situation.

The liquidation levels are at 75.6K and 76.5K; pay attention to the price action around these levels,

On the left side, lightly test the top with a short position; if it breaks below 74K, chase the short; if it drops below 70K, add to the short position.
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