Main focus $BTC | Strategy is long, no more words, just execute
$BTC played a "floor lifting" move this week: from 79,168 on 10/23, it gradually raised the lows to 79,322, 79,477, and closed at 81,118 on 10/27. A bullish candle pierced through the descending pressure line from 84,876 to 80,675. Damn, the inability to drop is the biggest bullish signal. Conclusion: biased long, buy on dips. For those eager, you can enter around 81,118 now; for a safer approach, wait for a pullback to 80,500-80,700 and enter long in batches, stop loss at 79,900 (capitulate if it falls below the moving average). First target is 82,997, and if you can hold, look to 84,027. Don't be greedy with leverage, 2-3x is enough. Set your stop loss properly to avoid heartache with this position.
Where does the money come from? Let's check the thermometer first
The funding rate is like "warming a frog in warm water": $BTC latest rate +0.010%, longs are still paying shorts rent point by point, indicating someone is willing to pay for the rise, sentiment is lukewarm; $BTC contract open interest is 2.53 billion USD, the base position hasn't fled. The ETF side is even more interesting, with a weekly net inflow of 443 million USD, reversing from outflow to inflow, showing institutions are steadier than retail investors.
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