$BTC Signal】Shorts targeting: stubborn large buy orders propping up from above and inability to break upward


$BTC Buy-side depth is 8 times the sell-side, but the price has stayed below the EMA20 for 6 consecutive hours. The 1H MACD is expanding upward, yet the 4H Bollinger Bands lower rail is contracting, and sell pressure from above remains persistent. RSI 1H is 46.19; bullish momentum only remains for a short-term oversold rebound.
🎯 Direction: short
⚡ Entry/Limit orders: 62,316.494 - 62,503.700
🛑 Stop-loss: 63,439.732
🚀 Target 1: 61,099.652
🚀 Target 2: 60,397.628
🛡️ Trade management:
- Execution strategy: After reaching Target 1, cut 50%, and move the stop-loss up to breakeven. If the price drops back to the entry level, automatically exit to protect principal.
Despite the large buy order support on the bottom, it can’t push the price up; in terms of market psychology, long confidence is fading. The risk-reward ratio is 1.5—worth a shot.
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