【$BTC Signal】Pullback to Long/Short Structure

$BTC 1H level EMA20 and EMA50 death cross, price is suppressed below the middle band of the Bollinger Bands. The 4H MACD histogram continues to weaken, but the price is supported at the middle band of the Bollinger Bands, not breaking previous lows. Market depth shows sell orders stacking above 72585, buy order depth is weak, but funding rate turns negative, indicating short-term excessive bearish sentiment.

🎯Direction: Long

⚡Entry/Order: 72012.6 - 72572.8

🛑Stop Loss: 70034.7

🚀Target 1: 75968.5

🚀Target 2: 77946.4

🛡️Trade Management:
- Execution Strategy: Reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back into the entry zone, automatically exit to protect capital.

In a negative funding rate environment, stable open interest and the potential for short squeeze offer a better risk-reward ratio than chasing gains directly. The 1-hour RSI is around 48 and not in oversold territory, weakening the momentum for an immediate rebound, so it’s better to wait for a pullback to key support levels. The 4-hour Bollinger Bands are narrowing, indicating a potential breakout; monitoring the downward test of support is crucial.

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