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BTC's funding rate has been negative, but the bullish momentum has weakened, and the market continues to move toward a short squeeze.
Currently, the rebound is not a reversal; the 76K-77K range above is a good opportunity to gradually establish short positions with a favorable risk-reward ratio.
Support levels below are at 73.5K and 72K; if the low at 70.5K is broken, the current rebound will end.