【$BTC Signal】Bearish momentum continues, rebounds are pressure

$BTC 1H-level EMA50 lifeline has been broken, and the price is being kept down and trading in the lower half of the Bollinger Bands. The 4-hour MACD histogram continues to expand, and bearish momentum shows no signs of exhaustion. The 1-hour RSI falls to 26, but the rebound lacks strength, indicating weak rebound characteristics.

The bearish setup is clear—rebound equals pressure. The current price around 70900 can directly be used to open a short position, with the stop placed above 72000. The first target is 69450, and the second target is in the 68500 area.

The funding rate turns negative, but open interest remains stable, with no signs of panic liquidation; the decline may come with resistance. The 4-hour buy-side depth creates a liquidity vacuum/gap around 71000—if the rebound cannot effectively reclaim above, it will be an opportunity to add to positions. The current risk-reward ratio is still acceptable, but be alert for a technical pullback after oversold conditions.

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