【$BTC Signal】Pullback confirmation, long position prepared

$BTC The 1H EMA50 and 4H EMA50 levels are forming a resonance support around 70700, with the price testing multiple times without effectively breaking below. Market depth shows significant buy orders stacked above 70500, and active selling pressure has been quickly absorbed. The lower band of the 4H Bollinger Bands is flattening near 70670, and a rebound occurs after touching it, with downward space temporarily blocked.

🎯Direction: Long

⚡Entry/Order: 70563.3 - 71068.8

🛑Stop Loss: 69997.7

🚀Target 1: 73211.0

🚀Target 2: 74282.1

🛡️Trade Management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back into the entry zone, automatically exit to protect capital.

Currently, the 1H RSI has dropped to 28, entering oversold territory, while the 4H RSI stabilizes around 42, indicating a need for correction. The 1-hour MACD histogram is contracting, with weakening bearish momentum. Open interest remains stable, with a slight negative funding rate, indicating low short-squeeze risk. The risk-reward ratio at this position is close to 2, risk is manageable, and it’s worth a try.

Check real-time market 👇 $BTC
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#Gate上线Pre-IPOs #Gate现货衍生品双双冲进全球前三 #原油小幅上涨