【$BTC Signal】1H Retest Confirmation, Multi-Cycle Resonance Looking for Rebound

$BTC 1H level obtained support near EMA20, price tested repeatedly in the 70500-71000 range and stabilized, forming a small double bottom structure at hourly level. 4H level is in consolidation, but price remains solidly above EMA50, trend intact. Open interest remains stable with no panic selling, combined with negative funding rate, short squeeze risk is accumulating.

🎯Direction: Long

⚡Entry/Limit Order: 70695 - 71050 (Can build positions in batches near current price)

🛑Stop Loss: 69563

🚀Target 1: 72960

🚀Target 2: 74092

🛡️Trade Management: - Execution Strategy: After price reaches 72960, reduce position by 50% and move stop loss to entry price. Remaining position targets second target, if price retests and breaks below entry average price, exit all positions.

Deep Logic: 1-hour RSI has rebounded from lows to 48.5, momentum is starting to recover. Order book data shows thick buy-side depth, with major players showing clear support below 71000. 4H level EMA50 (69689) constitutes strong support, combined with negative funding rate environment, short position costs are elevated, a rapid short squeeze rebound could be triggered at any time.

View Real-time Chart 👇 $BTC
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