$BTC Signal · Shorts accelerating + weak bounce in the oversold zone

$BTC RSI 1H crashed to 26.82, and bid depth is only 0.26; sell pressure has not eased. The 4H MACD bearish bars keep expanding; the lower Bollinger Band of 63241 has already been breached, and price is trading along the lower band. The 1H MACD green bars, though contracting, show extremely weak rebound strength. Funding rate -0.003%; short sentiment is not at extreme yet, and there is still room for further downside.
🎯 Direction: Short
⚡ Entry/limit orders: 63040.178 - 63214.600
🛑 Stop-loss: 63846.746
🚀 Target 1: 62266.381
🚀 Target 2: 61792.271
🛡️ Trade management:
- Execute the strategy: After reaching Target 1, reduce position by 50% and move the stop-loss up to breakeven. If price falls back to the entry level, automatically exit to protect principal.
Shorts are clearly in control intraday, but chasing shorts in the oversold zone requires caution against a sudden pump that sweeps stop-losses. If, after breaking 63200, it quickly reclaims above 63000, then abandon this trade and wait for a rebound-to-short opportunity.
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