【$BTCUSDT Signal】1H breakout and pullback, clear intention of capital support


$BTCUSDT The 1H price is trading near the upper band of the Bollinger Bands, just completed a volume-driven rally and is now pulling back. The 4-hour MACD histogram continues to expand, but the price remains below the EMA20, with fierce battle between bulls and bears.

🎯Direction: Long

⚡Entry/Order: 66,550 - 66,650

🛑Stop Loss: 66,370

🚀Target 1: 67,200

🚀Target 2: 67,650

🛡️Trade Management:
- Execution Strategy: After the price hits the first target, move the remaining position’s stop loss up to the entry price. If the price successfully breaks above 67,200 and stabilizes, consider taking some profit and re-entering to aim for the second target.

Order book data shows that the sell side has accumulated 8.69 BTC, but buy orders below 66,780 form a dense wall, indicating clear support from capital. The 1-hour RSI quickly rebounds from oversold territory to 53, indicating momentum recovery. Open interest remains stable and has not decreased with the price pullback, suggesting that long positions are not being significantly liquidated. The current risk-reward ratio exceeds 6, making this a quite favorable trade.

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