【$BTCUSDT】Watch the Order Book Closely, Track Anomalies


$BTC 68700 resistance level has more than 11 coins accumulated on the sell side, buy depth severely imbalanced, funding rate turned negative but price holding firm, typical intraday regular volatility with bulls and bears in a tug-of-war. On the 4-hour timeframe, price has broken below the EMA20 and EMA50 dual moving average cluster, Bollinger Band lower band near 67800 forming attraction, MACD histogram narrowing but overall still below the zero line. On the 1-hour chart, RSI hovering around 36, bearish momentum not fully released yet.
Don't catch falling knives, wait for stabilization. Current risk-reward ratio of 4:1 is attractive, but needs right-side confirmation. Price holding above 69200 can try light long positions, stop-loss placed below the 68000 round number level. First target at 70500 previous resistance zone, second target at 72200. If price directly breaks below 68000, abandon the trade and wait for a deeper pullback.
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