TraderOasis
Bitcoin / Coinbase premium index - Open interest - Fundingrate
The price is moving sideways, but the Coinbase premium index is selling. In this case, I am focusing on two different resistance levels on the price. The first is the 112k level. The second is the double top liquidity zone. When I look at the open interest indicator, movement has occurred within the Range. If this movement deviates, we could see the Range drop. This means more open positions will close. Funding rates are in positive territory. I can see the community's bullish sentiment. The real rally will begin with a breakout of the double top zone. If this zone deviates, I think the price will drop significantly.