【$BTC Signal】Pullback to go long! 1H pullback confirmation, 4H trend support, clear signs of main force defending the market

$BTC After a rapid surge, the 1H level is now pulling back to test the key EMA20 support area for confirmation. The 4H level remains above the EMA50, and the overall trend is intact. The current price is oscillating around 69,400, with buy order depth (69.66%) significantly stronger than sell orders, and open interest remains stable. In a negative funding rate environment, the price is holding firm, with potential for a short squeeze. This is a classic strong pullback structure and an excellent short-term sniper opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 69350 - 69450 (Reason: 1H EMA20 support zone + concentrated buy orders on the order book )

🛑Stop loss: 68800 (Reason: Break below 1H previous low of 69163.7 and 4H EMA50 support )

🚀Target 1: 70200 (Reason: Previous high resistance and psychological level )

🚀Target 2: 71000 (Reason: 1.618 Fibonacci extension level )

🛡️Trade management:

- Position size suggestion: Standard position (Reason: Multi-timeframe support resonance, risk controllable )

- Execution strategy: After the price reaches 70200, reduce position by 50% and move stop loss to entry point. Hold the remaining position for the second target. If the price retraces into the entry zone and breaks below 69300, exit all positions.

Depth logic: The price has fallen from the high of 70557, but volume has decreased, indicating a healthy correction. The 1H RSI(58.29) is in a healthy zone and not overbought. Most importantly, during the correction, open interest(OI) remains stable without panic selling, indicating main capital has not exited. The buy order depth on the order book is as high as 69.66%, with strong support below. Coupled with negative funding rates, there is a risk of short squeeze.

Trade here 👇 $BTC

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