If BTC surges again, the situation will be obvious.

The main force spent more than twenty days making a strong push upward.
The time cycle for the rise has already been fully used up.
Against the backdrop of a bear market environment,
it’s difficult to see a continuous uptrend lasting one or two months.
In that case, the probability of further declines will increase significantly.
At this level, a large number of shorts have already been liquidated.
This has left many shorts trapped in self-doubt.
At the same time, the funding rate has also turned positive.
This is a signal of positive changes in the market.
Although short-term adjustments may be faced,
the overall downward trend is gradually becoming clearer.