Now Funding Rates Have Fixed, Where Were We?

6 Ara 2024

Now that BTC USDT funding rates have fixed, where were we?

Bitcoin's funding rate normalization is a positive signal for market stability, often indicating that extreme sentiment (either bullish or bearish) is cooling off. This creates a more balanced environment for the next major move.

Resistance and the 110K Target

If the key resistance level you are watching breaks, the idea of a path to 110K becomes plausible under certain conditions:

• Momentum Confirmation: A strong breakout above the resistance with high volume and no immediate rejection is crucial.
  
• Market Sentiment: If the broader sentiment shifts positively, it could drive significant buying pressure.
  
• Macro Factors: Bitcoin's trajectory could be influenced by external factors like macroeconomic data, institutional adoption, or regulatory clarity.
  

See how Latest BTC Analyzes hit TP
Latest Bitcoin Analyzes

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My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.

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