Funding rates are universally bearish! $BTC and $ETH with 11.3 billion options expiring tomorrow, longs may become the biggest fuel!

Mainstream CEX funding rates are universally in bearish territory – the market is voting with its feet, the cost of holding long positions continues to rise, once the liquidation cascade starts, a stampede-like decline will be inevitable!
11.3 billion options expiration: max pain 72000?
Don't be naive! Tomorrow's BTC options expiration of 9.68 billion, max pain 72000 seems bullish, but don't forget – before expiration, market makers tend to push prices lower to gobble up long options! Current put/call ratio 0.75, put options outnumber calls, market makers have the incentive to push prices lower to harvest longs!
Technical analysis: false breakout or real enticement for longs?
Although the price is above the Bollinger middle band at 60959, RSI is close to overbought territory, MACD is expanding but the momentum is clearly weakening – a bearish divergence pattern is emerging! Long momentum is exhausted, the probability of a retracement is high!
Gongming Trading Strategy:
Aggressive: go short directly near current price 61700
Conservative: wait for a rebound to 62000-62200 and then go short
‍#BTC下探60000美元关键关口