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【$BTC Signal】1H Bullish buildup, pullback to enter long and squeeze the short positions
$BTC 1H MACD bullish crossover expanding, buying orders densely placed in the 77,700-77,900 range, but selling depth -54%, clear selling pressure. 4H Bollinger Band middle line support is solid, EMA20/50 in a bullish alignment.
Wait for a pullback to go long at this level, place orders at 77,717-77,962, stop loss at 76,002, this trade has a favorable risk-reward ratio. First target is 81,148, second target is 82,864.
Funding rate -0.0004%, negative rate + OI stable, bears haven't pushed down yet, once buying power kicks in, a short squeeze is likely. 1H RSI at 58, not overbought, still room to grow.
Reduce half of the position at the first target, move stop loss to break-even.
Check real-time market 👇 $BTC
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