【$BTCUSDT Signal】Pullback to go long, short covering accumulating

$BTCUSDT 1H timeframe is oscillating narrowly around 67100, with deep buy orders unusually thick below 67000, while sell orders are relatively sparse. The 4-hour MACD histogram continues to shrink, and bearish momentum is exhausted. Open interest is stable, the funding rate has turned positive, and the short-squeeze logic is being formed.

🎯 Direction: Long

⚡ Entry/Order: 66890 - 66940

🛑 Stop Loss: 66469

🚀 Target 1: 68824

🚀 Target 2: 69766

🛡️ Trade Management:
- Execution Strategy: After the price touches the first target level, reduce the position by half; move the stop loss for the remaining position up to the entry price. If the price fails to hold above the entry zone and instead breaks downward, exit immediately.

Order book data shows a large accumulation of buy orders beneath 67000, which is a clear signal of funds propping up the market. The 1-hour RSI is in a neutral zone, leaving enough room for the subsequent move higher. On the 4-hour timeframe, price remains above the middle band of the Bollinger Bands throughout, and the trend structure has not been broken. Combined with stable open interest and a positive funding rate, market sentiment is shifting from divergence toward alignment, and the potential pressure from short covering is building up. The resonance of these multi-dimensional indicators provides the foundation for a pullback trade with a superior risk-reward profile.

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