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【$BTCUSDT Signal】Pullback to go long, 1H level accumulating power and ready to launch
$BTCUSDT The 1H level price stays close to the middle band of the Bollinger Bands, and the MACD histogram continues to narrow below the zero line, indicating weakening bearish momentum. The 4-hour level price is in the lower half of the Bollinger Bands, but the lower band support is clear, open interest remains stable, and there is no sign of panic selling.
🎯Direction: Long
⚡Entry/Order: Buy in batches around 66270 - 66380
🛑Stop Loss: 65330
🚀Target 1: 70596
🚀Target 2: 72702
🛡️Trade Management:
- Execution Strategy: After reaching the first target, reduce position by half, and move the remaining stop loss up to the entry price. If the price cannot hold above 67000, consider taking partial profits early.
Order book depth shows buy orders significantly outnumber sell orders, with an imbalance of nearly 20%, indicating strong willingness to absorb downward pressure. In a negative funding rate environment, open interest has not decreased, suggesting potential for short squeeze. The 1-hour RSI stabilizes around 47, not entering oversold territory, indicating a healthy correction. Current risk-reward ratio exceeds 4, with a clear odds advantage.
View real-time market 👇 $BTCUSDT
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