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OLOBA. B.T.C 💲💲💲
4-hour charts are in a downtrend channel, with a 12.16% drop from the 4-hour high, indicating bears still dominate. The order book buy/sell ratio is 0.80, with selling pressure prevailing, but the positive funding rate of 0.0225% shows longs are still paying to hold positions. If the price fails to recover 1690, the risk of a short squeeze will increase.
In terms of trading, a light short position can be tried on a rebound to 1687, with a stop loss at 1712 and a target of 1631
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