【$BTC Signal】1H Level Rebound Trading, Sniping Longs After Pullback Confirmation

$BTC The 1H level has formed a double bottom pattern near 68000, with the price rebounding from lows and attempting to stabilize above 68700. The 4H level remains in a downtrend channel, but the 1H RSI(42.4) has exited the oversold zone, showing signs of bullish divergence, and short-term rebound momentum is building. Open interest remains stable, with no signs of panic selling. The current decline appears to be more of a long liquidation rather than a main force distribution.

🎯Direction: Long (Long)

🎯Entry/Order: 68650 - 68750 (Reason: Below 1H EMA20(69108), the current price zone is accumulating positions, waiting for confirmation of stabilization)

🛑Stop Loss: 67900 (Reason: Breaks below previous double bottom low of 68029, ATR(831) lower band)

🚀Target 1: 69500 (Reason: Resistance at previous high and EMA50(69064) on the 1H level)

🚀Target 2: 70200 (Reason: 0.618 Fibonacci retracement of the previous downtrend on the 4H level)

🛡️Trade Management:

- Position Size Suggestion: Light (Reason: The 4H trend is still bearish, this is a counter-trend rebound game, higher risk)

- Execution Strategy: After reaching Target 1 at 69500, reduce position by 50% and move stop loss to entry level 68650. The remaining position aims for Target 2 at 70200. If the price cannot break above 69000 and falls below 68500 again, consider exiting early.

Deep Logic: Market depth shows buy-side depth (bid_ask_ratio_depth: 3.68) significantly stronger than sell-side, indicating potential support. The 1H candlestick closed with a long lower shadow at 23:00 and rebounded, showing strong support below 68000. Funding rate is only 0.0027%, with no rollover risk. Combined with market logic, stable open interest and falling price suggest a shakeout rather than trend reversal, providing a short-term sniping opportunity.

View real-time quotes 👇 $BTC

---

Follow me: Get more real-time analysis and insights into the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #Gate广场发帖领五万美金红包