【$BTC Signal】Empty position + wait for key support confirmation

$BTC Weakly oscillating below EMA20, price action shows disorganized consolidation after a decline, lacking a clear direction.

🎯 Direction: Empty position (NoPosition)

Market analysis: On the 4H timeframe, price is suppressed by EMA20 (~69560), RSI at 45 in a neutral to weak zone, not entering oversold. Key data contradicts: funding rate is slightly negative (-0.0001%) and OI is stable, indicating bears are not dominant, but buy/sell ratio (0.47-0.52) remains below 1, showing active selling pressure. Depth imbalance is as high as 96.42%, but buy orders are concentrated below the current price, more like passive absorption rather than active attack.

Hardcore logic: Current price (~68975) is in the mid-range of recent oscillation, with strong resistance from EMA20 and the psychological level at 70000 above, and support at the previous low of 67883 below. Price has not touched any key Fibonacci levels (like 0.382 or 0.5) or previous high turn support. ATR is as high as 1421, indicating high volatility, but currently in a volume-contracted consolidation, a chaotic phase in the battle between bulls and bears.

Trading plan: Refuse to open positions at mid-range prices. To go long, wait for the price to retrace and stabilize in the demand zone of 67883-68322 (previous low + order block), with buy ratio rising above 0.55. To go short, wait for the price to rebound to the supply zone of 69560-70000 and face resistance, accompanied by declining OI and funding rate turning positive. Currently, neither condition is met, with low probability of success. The best strategy is to stay in cash and wait for the market to choose a direction.

Trade here 👇 $BTC

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