CakeBaBa

Yesterday, 650 million BTC ETF funds were leaked.

The 30-year government bond yield has reached 5.19%.
BMO Capital Markets analyst 👉🏻 5.25%, a minefield for stock market valuations.
Key number: 5.25%. Once this threshold is crossed, the stock market's response won't be just short-term daily fluctuations but a "more sustained pullback," fundamentally a re-pricing of valuation structures.

COPPER copper's trend, and also pay attention to COPX's daily chart showing signs of a pullback. Don't short it; after a rebound, continue looking for bullish opportunities. It is a worthwhile mid- to long-term hold for the spot portion. I also mentioned before that I used 5% of my capital to buy COPX's copper.

Funding rate has been negative for 66 consecutive days, yet Bitcoin still rose to around $81k, with institutional hedging as the main reason.
Recently, some funds in the market may be using a strategy of shorting Bitcoin (especially perpetual contracts) while going long on crypto-related stocks (such as Coinbase, MicroStrategy, Circle Internet Group) to capture the excess returns of these stocks relative to Bitcoin, and simultaneously profit from funding rates or structural arbitrage opportunities.
Reason for negative funding rates: BTC has been rising steadily, but funding remains long-term n

For friends who have US stocks after the Nasdaq hits 1:1, I will tell you to sell and take more than half of the profit.
Those who haven't bought, don't participate either.
The S&P SPY is just a little short of 745, which is roughly a range-bound 1:1.

📊 #BTC Today’s Focus: Failed Rebound
🧠 Structure Analysis
*Downtrend channel: the higher highs keep getting lower, and the lower lows keep getting lower
*Support turns into Resistance: 77200
*A bearish candle with increased volume: searching for liquidity below: 74700
👉 Downward structure during a weak rebound
📌 Key Levels
🔼 Resistance: 77200-76900 (trendline)
🔽 Support: 74700, 73400
💰 Trading Ideas
🟢 Long: reclaim 77200-76900; a fake breakdown of 74700 to form a 2B
🔴 Short: break below 74700; 76900 faces rejection

Is there oil? Go long? Watching the program really perfectly aligns with the idea, above 0.618.

Friends, you can pay attention to copper recently.

BTC last night experienced the most negative funding rate since February, with the air force killing itself. With such extremely negative funding rates, as long as there are no bad news, the market will only see short-squeeze conditions.

Halk Island shrouded in smoke and gunfire, enter the livestream room for precise positioning