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【$BTC Signal】Pullback to Long + 1H Level Retracement Confirming Support at EMA20
$BTC The 1H level surged to 69449 and then entered a healthy correction. Currently, the price is oscillating around 68550, retracing to the 1H EMA20 (approximately 68007) and the 4H EMA50 (approximately 68206), forming a resonance support zone. The 4H candle has closed positively for several sessions, indicating an upward trend, but the 1H retracement presents an excellent second-entry opportunity.
🎯Direction: Long
⚡Entry/Order: 67845.0 - 67871.4, staggered entries
🛑Stop Loss: 67845.0
🚀Target 1: 67924.4
🚀Target 2: 67950.9
🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to the entry price. Hold the remaining position to aim for Target 2. If the price falls back after hitting Target 1 and breaks the trailing stop, exit all positions.
(Depth Logic: The 4H level shows active buying, with buy/sell transaction ratio maintained above 0.5, indicating bullish dominance. The 1H RSI is at 58.95, in a healthy zone with momentum for another push higher. Market depth data shows unusually thick buy orders below 68500, providing strong support. Current open interest remains stable; the price retraces without triggering panic selling, indicating a technical pullback under the control of major players. )
View real-time quotes 👇 $BTC
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