The price of BTC fell sharply again by around 8% in 24 hours after breaking below the 50-day moving average and retesting to confirm support turned resistance. do you think this will continue further?
Currently, funding rates are turning negative again as the price declines from the $24,000 resistance. It is important to note that the futures market expects Bitcoin to fall below this level and possibly make new lows. The resulting selling pressure can lead to higher prices, but markets tend to reverse when funding rates are extremely high or low.
There isn't any move in Bitcoin since tomorrow. Price started facing conjunction in a tight range. This may be due to weekend and all major markets are closed. Narrative will be the same as mentioned in previous post.