Funding on bitmex is 0.21% for shorts in 25 min from now. This could give a a bit of upwards pressure. Because for people who trade with 10x of their balance, means they pay 2.1% of their balance. But usually after the funding settlement ends, the normal direction gets chosen again.
The current squeeze we just had, formed a bull flag which has already failed. We have seen these 200ish point squeezes many times already the past 2 weeks, almost each one of them has failed so far. Something i showed in a previous analysis. Looks like a repeating pattern, moving identical each time