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【$BTC Signal】Bear pressure, weak rebound, sniper correction
$BTC 1H timeframe struggling near the lower Bollinger Band, buy volume severely imbalanced, sell orders sparse, weak willingness of funds to support the bottom. 4H MACD continues to expand its death cross, price firmly suppressed by EMA20, multiple bullish rebounds quickly knocked back.
Bear dominance, go short directly near the current price.
⚡Entry: Enter within the range of 70616.1 - 71065.8 when the opportunity arises.
🛑Stop loss: 71634.3.
🚀Target 1: 69928.7.
🚀Target 2: 69360.2.
🛡️Trade management: - Execute strategy: After the price hits the first target, reduce half of the position and move the stop loss to the entry price. Protect the remaining position to aim for the second target.
Order book data shows that buy volume below 70600 is still decent, but selling pressure above is heavier, locking in the rebound space. The 1-hour RSI hovers near the oversold zone, but lacks effective bottom divergence, so this weak rebound is often just a continuation of the decline. Position volume remains stable, funding rate is slightly negative, no panic covering, and the bear pattern is solid. The risk-reward ratio is close to 2, making this trade worth a try.
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