【$BTC Signal】Pullback to Long + 4H Strong Support Play

$BTC 1H level is testing the key support area, with the price well above the 1H EMA20, indicating short-term oversold conditions. On the 4H timeframe, strong support is found above the EMA50 (around 68900), which is a critical defensive position in multi-timeframe resonance. Open interest remains stable, with no signs of panic selling. Coupled with negative funding rates, a short squeeze condition is brewing.

🎯Direction: Long (Pullback to Entry)

⚡Entry/Order: 68780 - 69765

🛑Stop Loss: 68000

🚀Target 1: 71500

🚀Target 2: 72800

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. Hold the remaining position for Target 2. If the price retraces into the entry zone and breaks below, exit decisively.

Depth Logic: The current price has fallen near the 4H EMA50 strong trendline, which is the lifeline of this rally. The 1H RSI has entered oversold territory (36.62), indicating a technical rebound may be needed. Market depth shows unusually thick buy orders, with clear signs of main force protecting key levels. Negative funding rates suggest crowded short positions; once the price stabilizes and rebounds, a short squeeze is highly likely.

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