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legend1234
stuck at 2750 and can't break through for two days. Don't talk to me about a bullish structure; the upward momentum is just dulling.
2600-2620 is the first line of defense; if broken, the short-term trend turns weak. Derivatives are the real signal: the total network open interest is $34.2 billion, Trader long-short ratio is 8.23, Whale ratio is 8.03, bulls are squeezed like sardines, funding rate is +0.4316%, with costs this high, the market is overheated.
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