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【$BTC Signal】Bullish correction + low divergence on the RSI indicator on the hourly chart, clear signs of protection for the main speculator.
A double bottom pattern has formed on the hourly chart between 65681-66000, showing a low divergence signal on RSI. On the 1H chart, the price is rejecting further decline. On the four-hour chart, despite fluctuations below EMA50, the open interest remains stable, and no panic selling has been observed. The intentions to protect the speculator are clear. The current price is testing resistance at EMA20 on the hourly chart, and once it stabilizes above it, a short-term rebound can be expected.
🎯Trend: Buy Long
⚡Entry/Pending Orders: 65672.79 - 66002.80
🛑Stop Loss: 65300
🚀Target 1: 67200
🚀Target 2: 67800
🛡️Trading Management:
- Strategy execution: After the price reaches Target 1, reduce the position by 50% and move the stop loss to the average entry price. Track profits for the remaining positions, and if the hourly level closes below EMA20, exit completely.
$BTC Depth Logic: Market depth imbalance has reached -58.19%, selling pressure is concentrated above 66004, and a breakout will trigger a sell stop loss. The RSI indicator on the hourly chart has exited the oversold zone, and buying strength is gathering. On the four-hour chart, a dense trading zone forms between 65800-66100, providing strong support. The stability of open interest indicates no money outflow, and with decreasing funding rates, conditions are forming for covering short positions.
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