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【$BTC Signal】Bullish - Healthy Pullback for Accumulation
$BTC After reaching a new high in history, it experienced a healthy pullback. The price declined while open interest remained stable, indicating a long leverage washout rather than a main force distribution. This is a typical cooling and accumulation phase after a breakout.
🎯Direction: Long (Long)
🎯Entry: 85500 - 86200
🛑Stop Loss: 83800 (Rigid Stop Loss)
🚀Target 1: 90000
🚀Target 2: 93500
$BTC Consolidating at a high level above the key breakout zone, a -3.4% correction is healthy. Volume has increased but without panic selling. Open interest (OI) remains high and stable, indicating the market structure is intact. The decline is mainly driven by high leverage long liquidation. The price has found buying support above the previous resistance turned support zone, completing a necessary market reset. As long as the price holds above the 85000-84000 support zone, the probability of an upward trend continuation is very high.
Trade here 👇 $BTC
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