#Gate2月透明度报告 【$BTC Signal】Pullback to go long / 1H pullback confirmation, aiming for 4H trend continuation

$BTC The 1H timeframe is currently in the critical EMA support pullback confirmation stage. After dropping from the high of 71748, the price found support in the 69688-70000 range. The 1H RSI has fallen from the overbought zone to the neutral area, indicating selling pressure is easing. The 4H timeframe remains in an upward channel, with EMA50 providing strong trend support. The current pullback is a healthy profit-taking move, not a trend reversal. Market depth data shows substantial buy orders, open interest remains stable, and negative funding rates suggest bearish sentiment, setting the stage for a short squeeze.

🎯Direction: Long

⚡Entry/Order: 69621 - 69646

🛑Stop Loss: 67914

🚀Target 1: 73035

🚀Target 2: 74742

🛡️Trade Management:

- Execution Strategy: Split position into two parts, enter 50% near 69646 and 50% near 69621. After reaching Target 1, close 50% of the position and move the remaining stop loss up to the entry price. If the price strongly breaks through Target 1 and stabilizes, move the remaining stop loss up to Target 1 to aim for Target 2.

Depth Logic: The 4H price remains firmly above EMA50 (68617), indicating a healthy medium-term trend. The 1H price is currently retracing to an optimized EMA support zone, an excellent second entry point. Open interest remains stable during the price correction, suggesting that large traders are not offloading but retail traders are exiting. Market depth shows a 13% buy order imbalance, with strong support below. Coupled with negative funding rates, once the price stabilizes and rebounds, it can trigger short covering and rapidly push the price higher.

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