【$BTC Signal】Hold cash + wait for key support confirmation

$BTC entered a weak consolidation after breaking below EMA20, with price hovering above the key support zone but lacking clear buy absorption signals.

🎯 Direction: Hold cash

Market analysis: Price has closed below EMA20 (67551) on the 4H chart consecutively, confirming a short-term trend weakening. RSI (41.34) is in a neutral to weak zone, not oversold, indicating downward momentum still has room to release. ATR (1409) shows volatility remains high, and market sentiment is unstable.

Hardcore logic: Deep imbalance (73.09%) and buy-side depth (Bid/Ask Ratio: 6.43) indicate a large accumulation of buy orders below, which is a potential support signal. However, open interest (OI) trend is stable, and funding rate (0.0009%) is positive but not high, suggesting neither bulls nor bears are heavily adding positions here, and the market is waiting for a direction.

Key observation: Price is testing the support area formed by the previous low (~66200) on the daily chart. This is a critical point where bulls must defend; if this support fails, the logical setup breaks down. If the price rebounds with volume and reclaims EMA20, a healthy reset could occur. Conversely, if it breaks down and OI rises, it could trigger a new round of long liquidation. Current signals are contradictory, with low win rate; the best strategy is to hold cash and wait for clearer PA signals.

Trade here 👇 $BTC

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