【$BTCUSDT Signal】Lack of rebound strength, bears continue to exert pressure

After a rebound to around 66,350 on the 1H timeframe, buying momentum quickly diminishes, and the price is firmly pressed below the EMA20. The 4-hour MACD shows a death cross with the histogram still expanding, indicating bearish momentum remains. Market depth shows heavy sell orders above 66,350, with a serious imbalance in buy-side depth, and the proportion of active selling remains high.

🎯Direction: Short

⚡Entry: Short directly at the current price around 66,350, or add to positions on a rebound to the 66,400-66,500 zone.

🛑Stop Loss: Above 66,800

🚀Target 1: 65,800

🚀Target 2: 65,200

🛡️Trade Management:
- Execution Strategy: After reaching the first target, move the stop loss down to the entry price to lock in profits. For the remaining position, watch for the second target. If a volume-increasing bullish engulfing candle appears on the 1H chart, exit all positions.

Position size remains stable, but the price continues to decline, indicating a typical weak consolidation. The 1-hour RSI hovers around 40, lacking upward momentum. Coupled with a negative funding rate, market sentiment is pessimistic, and the rebound seems more like an opportunity for bears to enter better positions. The support at 65,800 has been tested multiple times recently; a break below could open the downside space.

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