【$BTC Signal】Pullback to go long! 1H oversold rebound trading, 4H key support test

$BTC The 1H timeframe is in oversold territory, RSI has dropped to 35.68, and the price has found initial support in the 65000-65600 range. Although the 4H level has broken below the EMA20, the current candlestick is testing the previous low near 65080, and open interest remains stable with no signs of panic selling. There is a technical rebound demand on the 1H timeframe, which is a typical pullback entry point for a long position.

🎯Direction: Long (Long)

⚡Entry/Order: 65500 - 65700

🛑Stop Loss: 64800

🚀Target 1: 66800

🚀Target 2: 67500

🛡️Trade Management:

- Position suggestion: Light position

- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. Hold remaining position for Target 2. If the price cannot stabilize above 66000 (around 1H EMA20), consider closing early.

Depth Logic: Market depth shows sell orders accumulating above 65700, but buy orders are concentrated around 65500, forming a short-term trading zone. Stable open interest indicates that the decline is not primarily driven by major players offloading, but more like a long leverage wipeout. The 1H RSI shows a bullish divergence brewing, combined with the 4H key support at 65000, increasing the probability of a rebound. Funding rates are normal, with no short squeeze risk.

View real-time market 👇 $BTC

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