【$BTC Signal】1H Retest Confirmation, Multi-Timeframe Resonance Suggests Rebound

$BTC 1H level obtained support near EMA20, price stabilized after repeated tests in the 70500-71000 range, forming a small double bottom structure at the hourly level. Although 4H level is in consolidation, price remains solidly above EMA50, trend intact. Open interest remains stable with no panic selling, combined with negative funding rates, short squeeze risk is accumulating.

🎯Direction: Long

⚡Entry/Pending Orders: 70695 - 71050 (Build positions in batches near current price)

🛑Stop Loss: 69563

🚀Target 1: 72960

🚀Target 2: 74092

🛡️Trade Management: - Execution Strategy: After price reaches 72960, reduce position by 50% and move stop loss to entry price. Keep remaining position for second target, if price retests and breaks below entry average price, exit all positions.

Deep Logic: 1H RSI has recovered from low levels to 48.5, momentum is beginning to repair. Order book data shows thick buy-side depth, with obvious market-making support below 71000. 4H EMA50 (69689) constitutes strong support, combined with negative funding rate environment, short holders have high holding costs, a rapid short squeeze rebound could trigger at any time.

Check Real-time Market 👇 $BTC
---
Follow me: Get more real-time crypto market analysis and insights! $BTC $ETH $SOL
‍#Gate广场AI测评官 #Gate2月衍生品市场份额创新高 #加密市场上涨