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【$BTCUSDT Signal】Pullback to go long, betting on a rebound
$BTCUSDT 1H level repeatedly tests around 66200, buy-side depth begins to increase. The 4H level price has fallen to the lower band of the Bollinger Bands, but the MACD histogram is narrowing, indicating initial signs of weakening bearish momentum. Market data shows significant buy orders below 66300, revealing the intention of capital support.
🎯Direction: Long
⚡Entry/Order: 66050 - 66150
🛑Stop Loss: 65380
🚀Target 1: 69035
🚀Target 2: 70496
🛡️Trade Management:
- Execution Strategy: After the price hits the first target, reduce position by half, and move the remaining stop loss up to the entry price. If the price cannot hold above 66500, consider exiting early.
Position remains stable; the price decline has not triggered a large-scale liquidation, indicating the market is not panicking. The 1-hour RSI hovers around 40, in a healthy retracement zone. The current risk-reward ratio exceeds 4, making this position worth risking limited capital for a rebound toward the midline. The key is whether the price can quickly recover above 66500, which is the short-term bull-bear dividing line.
Check real-time market 👇 $BTCUSDT
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