【$BTC Signal】1H Strong Breakout, Pullback for New Highs in Trading

$BTC 1H level just broke above previous high with volume and stabilized above EMA20, momentum is very strong. The 4H level has already broken through the downtrend line, forming a bullish engulfing pattern, indicating a trend reversal. Currently, the price is consolidating strongly around 69,000, with negative funding rates and stable open interest, facing short squeeze pressure. A pullback presents a buying opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 68,800 - 68,950 (Reason: Dynamic support from 1H EMA20 + previous hour’s low area)

🛑Stop Loss: 68,300 (Reason: Break below the previous 4H candle’s low of 68,500, combined with ATR)

🚀Target 1: 69,800 (Reason: Previous high resistance level)

🚀Target 2: 71,000 (Reason: 4H wave high and psychological level)

🛡️Trading Management:

- Position Size Recommendation: Standard position (Reason: 1H/4H resonance breakout, higher win rate)

- Execution Strategy: After reaching 69,800, reduce position by 50% and move stop loss to entry price. Hold remaining position for 71,000 target; if 1H closes below 69,000, exit all.

Deep Logic: Over the past 4 hours, open interest remains stable, with a 5.6% price increase and no decrease in open interest, indicating healthy bullish momentum. The 1H RSI is as high as 72.97, showing strength but not extreme overbought conditions, leaving room for further upside. Market depth shows concentrated buy orders between 68,900 and 69,000, providing strong support. Market logic suggests price rise driven by main players entering the market, not just short covering.

Trade here 👇 $BTC

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