The 1H level forms a double bottom near 1900, with RSI$ETH 1H( entering oversold territory (32.93), indicating a technical rebound demand. Although the 4H level is still in a downtrend channel, open interest remains stable, and negative funding rates suggest crowded shorts. A rebound could trigger short covering. The 1H candlestick has already broken above the EMA20)1H(, with buy-side depth dominating, and short-term bulls are gathering.

🎯Direction: Long )Long(
⚡Entry/Order: 1924 - 1928
🛑Stop Loss: 1905
🚀Target 1: 1955
🚀Target 2: 1980
🛡️Trade Management:
- Position suggestion: Light position
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to the entry level. Hold the remaining position to aim for Target 2. If the price stalls below 1935 for more than 2 hours, consider exiting early.
Depth logic: Price rapidly dropped from 2060 to 1900, but open interest remains stable, indicating it’s not major selling but rather a leverage washout among bulls. Negative funding rate)-0.0082%( and buy-side depth advantage)17.54%( fuel the rebound. The 1H RSI shows early signs of bullish divergence; if the price can hold above 1930 (the previous 1H high), it will confirm rebound momentum.
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