【$BTC Signal】Hold off on positions, key support testing

$BTC Accelerating downward after breaking below EMA20, currently testing the critical support zone on the daily chart.
🎯 Direction: Hold off
Market analysis: Price broke below 68572 (EMA20), triggering a sell-off, with the lowest touching 65718. Four-hour buy volume remains weak (Buy/Sell Ratio < 0.5), indicating weak bullish support.
Hardcore logic: The current price is above the confluence support zone formed by the previous daily low (~65800) and the Fibonacci 0.618 retracement (~66200). The depth imbalance is as high as 87.34%, with ask orders far thinner than bid orders, suggesting a large number of limit buy orders below, but active sell pressure (Taker Selling) still dominates the market.
Key judgment: Open interest (OI) remains stable, funding rate slightly positive (0.0020%), indicating no atypical short squeeze or bullish trap. This is a healthy correction driven by liquidity gaps.
Trading plan: Wait for clear reversal signals in the 65500-66500 range (such as 4-hour Pin Bar, RSI bullish divergence, buy volume ratio rising above 0.55) or a confirmed break below 65000 (liquidity trap) before making a directional decision. Current win rate is insufficient; risk control first.
Trade here 👇 $BTC
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年