【$BTC Signal】Pullback Setup, Fight for Rebound

$BTC 1H timeframe price has broken below the lower Bollinger Band, RSI has reached 39, entering oversold territory. The 4-hour MACD histogram remains positive but is shrinking, indicating waning momentum. There is a 2.5 BTC buy order at the best bid price of 67,261, but selling pressure above is also concentrated, with bulls and bears engaged in fierce confrontation near the current price.

🎯Direction: Long (Pullback Limit Order)

⚡Entry/Limit Order: 66,690 - 66,820 area

🛑Stop Loss: 65,560

🚀Target 1: 71,865

🚀Target 2: 74,385

🛡️Trade Management:
- Execution Strategy: Close half of the position after reaching Target 1, move the remaining stop loss up to the entry price. If the price fails to hold above the entry zone and drops again, abandon this trade.

Position size remains stable and has not significantly decreased with the price drop, indicating some funds are staying in the market. The 1-hour price has moved away from EMA20, suggesting a technical pullback is needed. The current risk-reward ratio is close to 4:1, making it worthwhile to take a limited risk for a potential rebound toward the midline. Market sentiment is cautious, and such rebounds often have more explosive potential.

View real-time market 👇 $BTC
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL