Yahya 
The negative financing rates of Bitcoin point to more short positions than long ones, a trend usually predicting an approaching upturn reversal. As Bitcoin moves inside a declining channel, defined by high support and resistance levels, traders are keenly monitoring the $54,000 to $55,000 zone for accumulation.
According to recent research by crypto researcher Doctor Profit, the present state of the market supports a better configuration of markets. Especially Bitcoin has seen notable changes; financing rates reached their lowest position since October 2023 and $9 billion in short liquidations close to the $68,000 threshold. Given market makers may profit from the more liquidity from short positions, this negative financing rate is considered as a possible prelude to an upswing.
The price movement of Bitcoin stays limited within a downward-sloping channel; two primary trendlines serve as both resistance and support. The regular testing of these levels emphasizes their importance in directing next price fluctuations. Watching probable breakouts at the upper resistance, traders have been eager to spot possible entry positions close to the channel’s bottom support.
Near $54,000, Doctor Profit has found the “manipulation area” where too strong price swings can occur. Though the declining channel has negative connotations, a breakthrough above this pattern might indicate a market turnaround and provide a big buying chance for traders.
Specifically in the $54,000 to $55,000 region, the plan emphasizes on building Bitcoin amid price declines. This strategy fits the present chart structure as accumulation as a possible breakthrough above the declining channel might set off the next significant price increase. Anticipating a squeeze on shorts would help Bitcoin’s upward momentum to be further fueled, traders are positioned to profit from this possible turnaround.
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