"Happy Labor Day! Wishing everyone a day without labor! Financial freedom . A-shares are closed for 5 days during May Day, and funds are flowing into the crypto market for a rebound. The main reason $BTC isn’t dropping further is because it’s being propped up by the strong U.S. stock market and an oversupply of bears—funding rates have been negative for 50 consecutive days. The whales won’t let most people make money; only a few will profit. Without a valid breakout above 77,900 in the 4-hour chart, bulls are showing weakness. If the U.S. stock market pulls back soon and liquidity starts leaving the crypto market during the June World Cup, the crypto market could drop rapidly. In the short term, 77.5K is the best point for shorting. Once leverage starts flipping from clearing shorts to clearing longs, the market will enter a rapid downward trend, leaving no chance for a rebound to recover losses." #LaborDay #Crypto #BTC