【$BTC Signal】Bull-Bear Tug-of-War, Awaiting 1H Level Direction Decision

$BTC The 1H timeframe is oscillating narrowly around EMA20 (67551), with prices compressed within a very small range of 67650-67700. The 4H timeframe is consolidating above support levels of EMA20 (66998) and EMA50 (66908). The current market is highly converged and about to reverse. Open interest remains stable, with a slight negative funding rate, but buy-side depth is severely imbalanced (-68.69%), with a large sell order (67653.2) stacking 4.29 BTC as direct resistance. This is a typical buildup structure, waiting for a candlestick to break the deadlock.
🎯 Direction: Watch and wait (Pending orders)
⚡ Pending order strategy:
- Breakout Long: Price > 67750 (Reason: Valid breakout above 1H consolidation zone and heavy sell pressure)
- Pullback Long: Price < 67300 (Reason: Rebound to the strong support zone of 4H double EMA (66900-67000), close to previous 4H low)
🛑 Stop-loss:
- Long position stop-loss: 66800 (Reason: Falling below key 4H EMA support cluster, trend weakening)
🚀 Target 1: 68500 (Reason: Previous 4H high resistance)
🚀 Target 2: 69200 (Reason: Previous rebound high on the daily chart)
🛡 Trading management:
- Position suggestion: Light position (Reason: Direction unclear, wait for breakout or pullback confirmation before following, reduce trial-and-error costs)
- Execution strategy: If a long position is triggered, move stop-loss to entry price (break-even) after reaching Target 1 (68500). If the price cannot quickly move away from the cost zone (oscillating within ±100 points of entry within 2 1H candles), consider closing the position.
Depth logic: Market signals suggest a downward move, but open interest remains stable, indicating it’s not major liquidation but more like long leverage cleaning. The 1H RSI (52.98) is neutral with no divergence. The key is whether the large sell order at 67653.2 can be absorbed—this is the test of bulls. A volume breakout could trigger short covering and chasing longs, with momentum expected. If it pulls back first, it presents a healthier low-entry opportunity with a better risk-reward ratio.
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