【$BTC Signal】Pullback to go long / 1H level accumulation, 4H trend support confirmed
$BTC The 1H level is consolidating strongly above the EMA20 (around 68026), with the price refusing to drop sharply. The 4H level has stabilized above the EMA50 (around 67063), forming a bullish support platform. The current price is slightly retracing, which is an opportunity to prepare for the next surge towards the 69000-70000 region.
🎯Direction: Long
⚡Entry/Order: 67600 - 68050
🛑Stop Loss: 66900
🚀Target 1: 69000
🚀Target 2: 70000
🛡️Trade Management:
- Execution Strategy: After the price reaches 69000, reduce position by 50% and move the remaining stop loss to the entry price. If the price strongly breaks through 69500, move the remaining stop loss up to 68500 to aim for the second target.
Depth Logic: Position volume remains stable, and there is no panic selling during price declines, indicating a clear main force support. The 1-hour RSI is at 56 in a healthy zone, with room to rise. The order book shows a large sell order at the ask (68381.4), but below there are dense buy orders with solid depth. Once the overhead pressure is absorbed, a rapid rally is likely. Negative funding rates suggest slight bearishness, hinting at a short squeeze scenario.
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· 4h ago
Indiana Governor signs bill allowing Bitcoin investment in state retirement plans $BTC
【$BTC Signal】Pullback to go long / 1H level accumulation, 4H trend support confirmed
$BTC The 1H level is consolidating strongly above the EMA20 (around 68026), with the price refusing to drop sharply. The 4H level has stabilized above the EMA50 (around 67063), forming a bullish support platform. The current price is slightly retracing, which is an opportunity to prepare for the next surge towards the 69000-70000 region.
🎯Direction: Long
⚡Entry/Order: 67600 - 68050
🛑Stop Loss: 66900
🚀Target 1: 69000
🚀Target 2: 70000
🛡️Trade Management:
- Execution Strategy: After the price reaches 69000, reduce position by 50% and move the remaining stop loss to the entry price. If the price strongly breaks through 69500, move the remaining stop loss up to 68500 to aim for the second target.
Depth Logic: Position volume remains stable, and there is no panic selling during price declines, indicating a clear main force support. The 1-hour RSI is at 56 in a healthy zone, with room to rise. The order book shows a large sell order at the ask (68381.4), but below there are dense buy orders with solid depth. Once the overhead pressure is absorbed, a rapid rally is likely. Negative funding rates suggest slight bearishness, hinting at a short squeeze scenario.
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