【$BTC Signal】Pullback to buy! 1H retrace to EMA20, obvious signs of main force supporting the market

$BTC On the 1H timeframe, after a wave of rally, the price is retracing to key moving average support, oscillating around 68387. The 4H timeframe remains above EMA50, the overall trend is intact, but the 1H retrace offers an excellent short-term sniper opportunity. Current open interest remains stable, and there is no panic selling during the price decline, indicating that the main force may be supporting the market. The 1-hour RSI is at 53.6, momentum is healthy, and it has not entered the overbought zone. Market depth data shows substantial buy orders below, with dense buy orders around 68370, forming immediate support.

🎯Direction: Long

⚡Entry/Order: 68010 - 68150

🛑Stop Loss: 68010

🚀Target 1: 68428

🚀Target 2: 68567

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining position’s stop loss up to the entry price. If the price strongly breaks through Target 2, move the remaining stop loss up to Target 1 to seek greater space.

Depth Logic: Although the 4-hour cycle shows resistance near previous highs, the structure on the 1-hour timeframe is more critical. After falling from the high of 69498, the price found support near the 1-hour EMA20, with declining volume, indicating a healthy retracement. Open interest remains stable, combined with negative funding rates, suggesting potential short squeeze risk. Below, 68010 is a resonance support zone where the 1-hour EMA50 and 4-hour EMA20 converge, making it an ideal defensive counterattack position. The advantage of market depth is obvious, providing liquidity for price rebounds.

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