Bitcoin broke an important support at 92700!
The strange thing is that despite the correction, the funding ratio indicator is still positive! There are many long positions on Bitcoin.
The expected scenario if it closes today below 92700 will be to liquidate these positions.
It will be a corrective bearish candle just to close this position until the funding ratio indicator turns negative and the long positions turn into short positions and then rise again to liquidate the short positions that entered late.
The general trend of Bitcoin is still upward.