【$BTC Signal】Pullback confirmation, long positions prepared

$BTC The 1H EMA50 and 4H Bollinger lower band are resonating support in the 70670-70700 area, after the price quickly fell from above 73000, currently consolidating with reduced volume near 71500. The 4H MACD histogram bars are expanding in negative territory, but the 1H MACD negative momentum is shrinking, indicating weakening bearish strength. The order book shows sparse sell orders around 71675, with clear buy support below.

Price has pulled back to the 70538-71882 lower boundary, directly preparing for long entries.

🛑Stop loss placed below 69973.

🚀First target set at 75699.

🚀Second target set at 77608.

🛡️Trading management: - Execution strategy: When the price reaches 75699, reduce half of the position, and move the remaining stop loss to the entry price. If the price drops directly below 71882, abandon this trade.

The 1H RSI has rebounded from oversold to 35.65, quickly digesting the bearish selling pressure. Open interest remains stable, funding rate is slightly negative, indicating low short squeeze risk. The risk-reward ratio at this level exceeds 2, with dense support below, making it worthwhile to risk a limited amount for a rebound towards the 4H midline at 72197.

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