$BTC Longs: supported by the 4H Bollinger middle band


$BTC 4H MACD bullish histogram continues to narrow, but the price is still holding above the EMA50 around 64846. 1H RSI is 48.48. Although buy-side depth accounts for 69%, it hasn’t pushed the price to break above the 1H Bollinger middle band at 65114. Near-term sell pressure is still being digested. Funding rate is 0.0045%, OI remains stable, with bulls and bears battling in this range.
🎯Direction: long
⚡Entry/limit orders: 64745.236 - 64884.500
🛑Stop loss: 64235.655
🚀Target 1: 65857.768
🚀Target 2: 66344.401
🛡️ Trade management:
- Execution plan: After reaching Target 1, cut position by 50% and move the stop loss up to breakeven. If the price drops back to the entry level, automatically exit to protect principal.
Current risk-reward is close to 1.5. The 4H Bollinger lower band at 63656 provides downside cushion, but if it falls below 64500, watch for acceleration. After a breakout above the 1H middle band, bullish momentum may reactivate.
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