$BTC is sitting on a high leverage pocket right around 75.7k. That's where the over-leveraged longs are concentrated, and funding rates are still positive meaning buyers are paying shorts to stay open. On the lower timeframes, price looks ready to sweep the London highs near 77.7k. But before that breakout happens, we could see one more dip to shake out those weak hands. Agg funding remains positive, which adds fuel to a potential short squeeze. The setup is clear: a flush lower to clear the leverage, then a retest of 78k+. Keep your eyes on that 75.7k zone. If it gets taken, expect a quick recovery. The path of least resistance still points higher once the leverage resets.