#BTC Bitcoin's recent trading has been extremely smooth. On June 1st, I mentioned that once Bitcoin broke below 735, the daily chart would accelerate downward—and indeed, after breaking below 735, the daily chart plunged for four consecutive days, dropping nearly 20%! Now, Bitcoin is stuck at a key support level on the daily chart, while funding rates have turned negative. This is a clear sign that the market is trying to lure retail traders into going long. Once retail activity pushes funding rates back up, it will likely signal another downward move! https://t.co/bw5cGqEOso
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