【$BTC Signal】No Position, Waiting for Structure Confirmation

After experiencing a sharp decline with increased volume on the 4H timeframe, the market has entered a weak rebound consolidation. The price is oscillating chaotically within a wide range of $59,800-$66,700, currently close to the upper boundary but lacking effective buying pressure to break through. The 4H candlestick shows the rebound high points gradually decreasing ($BTC -> $65,969.5), and the latest candlestick volume is extremely low (54.211), indicating the rebound momentum is exhausted. Funding rates have turned negative (-0.0127%), suggesting market sentiment is turning bearish but not yet extreme. The order book is thin, with no effective support/resistance around $66,578-$66,579, making it easy to be pierced.

🎯Direction: No Position $66783 NoPosition(

The current market logic leans toward a weak correction after a long liquidation rather than main force accumulation. The price has failed to effectively break above the key previous high of $66,700, and the rebound volume is decreasing, which is more likely a continuation of a downtrend. Until a clear breakout above $66,700 with stabilization, or a significant drop below $64,000 confirming the downtrend, stay on the sidelines. Small losses, big gains—trading for probability. The current risk-reward ratio is unclear, so no speculative bets are made.

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‍$BTC

#Is the current market bottoming out or just observing?