$BTC Signal: 1H rebound encounters resistance, short position hidden

$BTC 1H MACD red bars shrinking, price rebounded from 59451 back to around 61000, buying pressure is insufficient. 4H Bollinger lower band at 59233 is closing upward, the bearish trend remains unchanged. RSI on 1H returned to 46, not overbought, but 4H remains at a low of 28, rebound space is limited, funding rate is negative, bearish crowding but not extreme yet.
🎯Direction: short
⚡Entry/Order: 60936
🛑Stop Loss: 61545
🚀Target 1: 60022
🚀Target 2: 59565
🛡️Trade Management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move stop loss to break-even. If the price falls back to the entry level, automatically exit to protect capital.
Order book depth Bid/Ask 0.53, sell orders are significantly thicker than buy orders, short-term selling pressure has not yet been digested. From actual transactions, there is a gap in buy orders between 59578-61070, stronger funds are needed for further upward movement. This short position has a decent risk-reward ratio, but stop loss must be strictly enforced.
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