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【$BTCUSDT】Bulls and Bears at Fever Pitch
$BTC Regular intraday volatility period, price repeatedly testing near the lower Bollinger Band. Bull defense line broken, current price heading directly lower. 4-hour MACD death cross below zero line, bearish momentum still releasing. 1-hour buy depth severely imbalanced, sell orders many times thicker than buy orders, weak fund support intent. RSI dropped to 34.6, but price rebound lacks strength, typical weak consolidation. Under negative funding rates price still under pressure, bears in clear control.
Entry can be initiated around current price 68050, stop loss placed above 68560. First target 67200, then 66500 area on breakthrough. Risk/reward ratio exceeds 4:1, this trade is worth attempting. Take profits in tranches, strictly prevent price chop.
Check real-time chart 👇 $BTC
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