$BTC Signal: 1H continuous bearish decline, bears dominate

$BTC Three consecutive bearish candles on the 1H chart with expanding bodies, intraday buying pressure dropping to around 0.43, with no sign of exhaustion in selling pressure. The lower Bollinger Band on the 4H chart has been repeatedly pierced, and the MACD bullish histogram has failed to expand after shrinking, indicating bearish momentum is still accumulating. The funding rate at -0.0008% is slightly bullish, but price support is weak, and the bearish narrative prevails.
🎯Direction: Short
⚡Entry/Limit Order: Recommended entry range 59493.354 - 59668.500
🛑Stop Loss: 60544.232
🚀Target 1: 58354.902
🚀Target 2: 57698.103
🛡️Trade Management:
- Execution Strategy: Reduce position by 50% after reaching Target 1, and move stop-loss to breakeven. If price falls back to the entry point, exit automatically to protect capital.
Deep Logic: OI remains stable, indicating that longs and shorts have not significantly exited. After breaking the previous 1H low, price has not rebounded quickly, and the stop-loss orders for shorts have not been triggered yet. RSI hovers around 40, not entering oversold territory, leaving room for further downside. Under this passive support structure, the risk/reward of chasing shorts is reasonable, but one must be cautious of potential short squeezes caused by negative funding rates.
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