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【$BTCUSDT Signal】Pullback confirmation, multiple armies gathering
$BTCUSDT 1H level pullback structure completed, price has repeatedly tested around 66,500 and stabilized. The lower band of the 4-hour Bollinger Bands provides support, and the 1-hour MACD histogram has turned positive, indicating weakening bearish momentum. Sell orders are stacked above 66,520, but buy orders are actively supported below 66,500, quickly absorbing selling pressure.
🎯Direction: Long
⚡Entry/Order: Enter in batches within the 66,150 - 66,250 range
🛑Stop Loss: 65,315
🚀Target 1: 69,880
🚀Target 2: 71,700
🛡️Trade Management:
- Execution Strategy: After reaching the first target, halve the position; move the remaining stop loss up to the entry price. If the price cannot hold above 66,800, consider taking partial profits early.
Position size remains stable, with no signs of large-scale fund outflows. Negative funding rates suggest short positions are holding costs, hinting at potential short squeeze setups. The 1-hour RSI has rebounded from lows to around 47, leaving room for further upside. The current risk-reward ratio is close to 4:1, making the odds quite favorable. The key is whether the price can quickly break through and hold above the 67,700 midline of the 4-hour chart, which would open the door to further gains.
View real-time market 👇 $BTCUSDT
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