BTC hourly RSI 43.8, price encountered support at Bollinger lower band 59341 but rebounded weakly, buy order book only 20.6% showing thin absorption; four-hour MACD bullish momentum continues to decay, funding rate 0.0027%, no conditions for a short squeeze!



Rebound to 600-605 may see a pullback, risk level 610, downside targets 592, 580!

Open interest data stable, no incremental off-exchange funds, short selling pressure persists, risk-reward ratio 1.5, downside potential outweighs upside potential! #BTC $BTC
BTC-1.12%
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