Friendly reminder of risks: The funding rates of BTC and ETH have been above 30% for 32 consecutive hours (the highest is even above 80%), and bulls have been losing blood.

The key is in the next trading day of this week. If the BTC price still stagnates and fluctuates between 70,500 USDT and 73,000 USDT, and the upward momentum cannot break through, then the bulls will lose too much blood. Once some bulls start to take the lead in closing their positions and running away, it will trigger Dominoes, bulls stampede until the levers are all cleared.

This was the case on December 9th and 10th, 2023 (Saturday and Sunday) - bulls suffered more than 30% of the long cost and lost blood for several days, and the price failed to break through for two days over the weekend, and finally on Monday In the early morning, a $3,000 level (8%) smash was launched.