【$BTCUSDT Signal】Pullback to buy, depth imbalance reveals main force intentions

$BTCUSDT 1H timeframe just completed a quick rally, current price is close to the upper Bollinger Band. The 4-hour chart has already broken above the upper Bollinger Band, with the MACD histogram continuously expanding, but EMA50 is acting as resistance overhead.

🎯Direction: Long

⚡Entry/Order: Buy in batches in the 66835 - 67020 range

🛑Stop Loss: 66500

🚀Target 1: 68200

🚀Target 2: 68800

🛡️Trade Management:
- Execution Strategy: After reaching the first target, move the stop loss of the remaining position up to the entry price. If the price cannot stay above 67800, consider taking partial profits early.

Order book data is quite interesting. There is a gap in sell order depth around 67885, while buy orders below are heavily stacked. This structure usually indicates strong willingness from funds to support the price. Open interest remains stable, with no signs of distribution such as price rise accompanied by decreasing open interest. The 1-hour RSI is in a healthy zone and has not entered extreme overbought territory, leaving room for further upward movement. The current risk-reward ratio exceeds 4, making this setup quite favorable.

Check real-time market 👇 $BTCUSDT
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