#REVIEW BITCOIN As the Funding rates are still high and there | CryptoQuant Alert

#REVIEW BITCOIN

As the Funding rates are still high and there is an ascending channel in #BTC chart, the correction is welcomed!

Remember that we are in a bull market, so it makes no sense to short it even if you see a clear setup! Only longs are allowed and I will open mine at $48k and $47k levels! Those are great horizontal supports which should hold the price above.

In case of jumping below the grey trendline, lower supports like $42k and $44k are expected to play!