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$BTC Long position | Buy order depth is crushing, approaching resistance level
$BTC Buy order depth surges to 4.74, 65% of sell orders are absorbed by pending orders, 1H RSI at 62 not yet overbought, 4H MACD shows a bullish crossover with increasing volume. Price is gathering strength at the wedge's end.
🎯Direction: Long
⚡Entry/Order: 63299 - 63489
🛑Stop loss: 62033
🚀Target 1: 65675
🚀Target 2: 66767
🛡️Trade management: - Execute strategy: Reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back into the entry zone, exit automatically to protect capital.
Funding rate -0.0014%, weak willingness for short covering, buy orders stacking layer by layer, breaking through 63489 confirms acceleration, risk-reward ratio of 1.5:1 is acceptable.
View real-time market 👇 $BTC
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