【$BTCUSDT】Bulls and Bears at Peak Intensity


$BTC 68325.2 Sell orders above exceed 11 BTC, buy-side depth nearly drained, capital frantically fleeing. During regular intraday volatility, MACD histograms are expanding but price lacks strength for new highs—typical price-volume divergence. On the 1-hour timeframe, EMA20 and EMA50 form a death cross providing resistance, Bollinger Band midline at 68374 constitutes clear resistance, price continues trading in the lower half of the range.

Direction: Flat Position
Current risk-reward ratio is not ideal; overhead selling pressure is excessive, directly shorting risks being trapped. Patiently wait for price to bounce back to the 68370-68430 zone before considering short entries, with stop loss placed above 68650. First target downside at 67600, second target at 67200.

If price breaks below 67600 with volume, consider adding to positions accordingly. The key to this trade is waiting for a clear signal of bounce exhaustion rather than forcing entry into weakness.

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