I've been driving during the day, and I just arrived at the hotel at this time, and when I saw $BTC good guy, I didn't see such a serious deviation before...
In the red zone, the price rose slightly, but the spot premium decreased rapidly, representing that a large number of futures bulls were chasing long here while the spot market was selling.
So it is very reasonable to start to continue to pull back and approach the painting door!
It seems that at least I didn't seriously sell tickets, hahaha!

$BTC The downward expansion wedge mentioned earlier has now achieved a breakthrough, and you can continue to see long, long orders to sell flying, which is already the norm for me!
Why is it said to sell away, because the divergence of the spot premium has been gradually alleviated, and the price has not been pulled back, but the premium has gradually increased, which means that there is still spot demand in this position.
We can continue to see around 120.5k in the short term.

45.91K
51
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.