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【$BTC Signal】Pullback to go long + 1H level rebound confirmation
$BTC The 1H level has received buying support at the key support zone (70100-70300), with the price rebounding strongly from the low point by nearly 1000 points, indicating strong support from the bulls below. Although the 4H level is oscillating at a high level, the EMA50 (69008) provides solid trend support, and the 1H RSI has turned up from the oversold area, suggesting short-term rebound momentum is building.
🎯Direction: Long
⚡Entry/Order: 70350 - 70650
🛑Stop Loss: 69800
🚀Target 1: 71800
🚀Target 2: 72500
🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss up to the entry price. Trail the remaining position for profit-taking; if the price drops below 71000, exit all positions.
(Depth Logic: Despite the price decline, open interest remains stable, indicating it’s not mainly institutional dumping but rather a long leverage wipeout. The 1-hour candlestick near 70100 shows a long lower shadow, and buy-side depth around 71000 is unusually thick, forming a short-term support platform. Negative funding rates suggest short-term overheating among bears, creating conditions for a short squeeze rebound. )
View real-time market 👇 $BTC
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