【$BTC Signal】Pullback to go long! 1H oversold rebound trading, signs of main force supporting the market

$BTC The 1H timeframe has entered an extremely oversold zone, RSI has fallen to 25, and the price is consolidating around 68,000. The 4H timeframe is above the critical EMA50 support area. Open interest remains stable with no signs of panic selling. Combined with negative funding rates, there is a basis for a short squeeze rebound. Currently, the price is far from the 1H EMA20, so chasing highs is not advisable. Be patient and wait for a pullback to an optimal entry zone.

🎯Direction: Long (pullback orders)

⚡Entry/Order: 66,880 - 67,634

🛑Stop Loss: 65,800

🚀Target 1: 69,200

🚀Target 2: 70,500

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. Hold the remaining position to aim for Target 2. If the price pulls back after entering the zone and cannot quickly rally, exit at breakeven.

(Depth Logic: The 4H timeframe is supported above EMA50 (around 68,875), which is the mid-term trend lifeline. The 1H RSI is severely oversold, indicating a need for technical correction. The order book shows selling pressure accumulating above 68,100, but the buy depth below remains decent. Market logic suggests a price decline with stable holdings, more like long leverage liquidation rather than main force distribution. Negative funding rates increase short holding costs, creating conditions for a rebound. )

View real-time quotes 👇 $BTC

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #GateforAI重磅上线