Tonight’s price action is pretty critical. Can $BTC 77k be nailed down as a floor?

If the bulls can’t hold it, things will turn cold in the short term—once the bears open the room, it probably won’t be able to stop below.

On the other hand, if there’s a fake dip near 77k—after the price just falls through and is immediately snatched back—then the bulls will likely launch a strong counterattack, and the market will move toward filling the gap in the 794 to 81 area.

As for the order book data: right now, total open interest is still staying at a low level, and the funding rate is also still negative. If #比特币突破7.9万美元 #加密市场普遍上涨 #伊朗提出霍尔木兹海峡重开协议条件 $ETH $TRUMP gets driven through directly, the bears will definitely rush in, open interest will spike instantly, and the price will accelerate as it drops. If there’s a fake breakdown first and then a pullback, the bulls start getting to work, open interest will also build upward, and the funding rate will either become even more negative as the bears keep adding, or switch to a positive funding rate and surge higher with force.