【$BTC Signal】Empty Position Waiting — Weak Consolidation After Downward Volume Surge

$BTC After breaking below the key EMA20 support with increased volume, the market is undergoing a weak consolidation. The price declined with a surge in trading volume (4H volume bars enlarged), but open interest (OI) remained stable, and the funding rate was slightly negative. This is not a typical bullish short squeeze; rather, it resembles a price reset after major players actively sold off.

Depth imbalance is as high as 84.15%, with buy-side depth significantly thicker than sell-side, indicating institutional support below. However, the price failed to rebound effectively, suggesting current buy orders are only passively absorbed, lacking active upward momentum. RSI (35.21) has entered oversold territory but shows no bullish divergence, indicating short-term rebound strength is insufficient.

🎯Direction: Short (NoPosition)

The current price is tightly hugging the intraday low with narrow fluctuations, lacking a clear entry setup. Key resistance has shifted downward to around EMA20 (~68572), while effective support below requires observing the test of the previous low (~65718). Until the price reclaims EMA20 with rising OI, any rebound should be regarded as a weak bounce, and chasing longs is not advisable. The core risk management strategy is to wait for clear signals of supply and demand imbalance or price action confirmation.

Trade here 👇 $BTC

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