【$BTC Signal】Pullback to Long: 1H oversold rebound, 4H key support battle

$BTC The 1H timeframe is building a short-term base around 67000, RSI has entered the oversold zone, indicating a technical rebound is likely. The 4H price has fallen to the lower end of the recent consolidation range, and open interest remains stable, with no signs of panic selling. Signs of main force support are emerging. The order book shows sell orders accumulating above 67240, but buy depth is concentrated at key levels below, with fierce battles between bulls and bears in this area.

🎯 Direction: Long

⚡ Entry/Order: 66568 - 67240

🛑 Stop Loss: 65800

🚀 Target 1: 68200

🚀 Target 2: 69200

🛡️ Trading Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss up to the entry price. Trail the remaining position’s stop loss to capture Target 2. If the price cannot quickly move away from the cost basis after entry and falls below 67000 again, consider exiting early.

Depth Logic: The 1-hour RSI has dropped to 33, in a severe oversold zone, with a technical correction imminent. The 4-hour price tests the lower boundary of the previous dense trading zone, while open interest has not collapsed with the price decline, indicating it’s not primarily a forced liquidation by major players but rather short-term long liquidation. Negative funding rates favor long positions. The support zone around 66500-66800 has been tested multiple times recently and is an ideal sniper area. Currently, the price is below the 1-hour EMA20, so chasing longs directly is risky. Patience is advised until the price retraces or a strong breakout above 67250 confirms a signal.

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