$BTC Signal】1H/4H bearish resonance, continuously probing lower levels in oversold territory


$BTC RSI 1H 19.53, 4H 23.23, has entered deep oversold territory, but price continues to break below the lower Bollinger Band. MACD 4H and 1H dual-cycle green bars continue to expand, with bearish momentum showing no signs of weakening. The bid depth at Level 1 has abnormally expanded to 20 times the ask depth, yet it failed to prevent price breakdown, indicating that the sell-side pressure capital is more concentrated above.
🎯Direction: short
⚡Entry/Pending Order: 59645.724 - 59825.200
🛑Stop Loss: 61314.989
🚀Target 1: 57590.516
🚀Target 2: 56473.174
🛡️Trade Management:
- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to breakeven. If price falls back to entry price, exit automatically to protect principal.
Currently bearish dominant, oversold does not mean reversal. Although funding rate is slightly negative, OI is stable, short position holding cost is low, short-term rebound strength is weak, risk-reward ratio is about 1.5x, worth taking the shot for a continued breakdown.
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BTC-4.23%
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