【$BTC Signal】Pullback confirmation, long positions hidden

$BTC 1H level EMA50 and 4H level EMA50 form resonance support near 70680, after the price quickly drops from above 73000, it consolidates with reduced volume in the 71500-71700 range, with obvious weakening selling pressure. The lower band of the 4H Bollinger Bands at 70670 provides strong support, the 1H MACD histogram contracts, and bearish momentum diminishes.

🎯Direction: Long

⚡Entry/Order: Buy in batches within the 70538.58 - 71882.00 range

🛑Stop loss: 69973.14

🚀Target 1: 75699.73

🚀Target 2: 77608.59

🛡️Trade management: - Execution strategy: After reaching Target 1, reduce half of the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 71800, consider exiting early.

Order book depth shows dense buy orders around 71675, indicating clear support intent. In a negative funding rate environment, open interest remains stable without panic selling, providing room for a technical rebound. The current risk-reward ratio is close to 2, making risk manageable.

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