【$BTC Signal】1H pullback confirmation, short squeeze structure initially forming

$BTC 1H level price repeatedly tests near EMA20, buying depth clearly exceeds selling depth, capital support intentions exposed. 4H Bollinger middle band continuously rising, MACD shrinking but still above zero line, open interest stable. In a negative fee environment, price resists deep correction, a typical short squeeze brewing structure.

🎯Direction: Long

⚡Entry/Order: 71650 - 71800

🛑Stop loss: 71250

🚀Target 1: 72650

🚀Target 2: 73150

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

Order book data shows bid orders are much thicker than ask orders, with depth imbalance ratio exceeding 3.3, main funds are resolutely supporting the market. 1H RSI pulls back from overbought zone and stabilizes around 57, without accompanying decline in open interest, indicating selling pressure is actively absorbed and digested. This combination of negative fees and price rigidity often signals that bearish fuel is accumulating. The risk-reward ratio is not optimal at the moment, but the structure has a higher probability of success, making it worthwhile to use a smaller position to attempt an upward pulse.

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