Coinbase Premium Index is facing resistance. If it breaks through, the real uptrend will start. I am watching this area.

The Open Interest resistance area has also been drawn. If it is manipulated, there may be a correction, but if it breaks with high volume, the uptrend will continue in a healthy manner.

The funding rate has reached an extreme level in the short term. I see the curiosity of small investors about the possibility of a price increase.

In short, I expect a rally after the correction to clear the market.