$BTC 1H level finds support near EMA20 (64903) and rebounds, with the price regaining above 65300. The latest 1H candlestick closed bullish, and the buy-side depth (bid_ask_ratio_depth=3.55) is significantly better than the sell side, indicating strong support below. Although the 4H cycle remains volatile, the 1H momentum has led the recovery, and in a negative funding rate environment, the price remains firm, with potential for short squeeze.
🎯Direction: Long (Long) ⚡Entry/Order: 65280 - 65350 🛑Stop Loss: 64900 🚀Target 1: 65800 🚀Target 2: 66200 🛡️Trade Management: - Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss up to the entry price. Hold the remaining position to aim for Target 2. If the price pulls back to EMA20 (1H) without breaking below, it can be seen as a second entry opportunity. (Depth Logic: 1H RSI (51.6) is in healthy recovery, moving away from oversold territory. The order book depth imbalance reaches 56.05%, with obvious buy-side accumulation, indicating strong market support. Combined with negative funding rates, short positions are costly, and a break above 65500 could trigger a short squeeze. OI trend remains stable, not indicative of panic selling. ) Check real-time quotes 👇#Gate广场发帖领五万美金红包 $BTC
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$BTC 1H level finds support near EMA20 (64903) and rebounds, with the price regaining above 65300. The latest 1H candlestick closed bullish, and the buy-side depth (bid_ask_ratio_depth=3.55) is significantly better than the sell side, indicating strong support below. Although the 4H cycle remains volatile, the 1H momentum has led the recovery, and in a negative funding rate environment, the price remains firm, with potential for short squeeze.
🎯Direction: Long (Long)
⚡Entry/Order: 65280 - 65350
🛑Stop Loss: 64900
🚀Target 1: 65800
🚀Target 2: 66200
🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss up to the entry price. Hold the remaining position to aim for Target 2. If the price pulls back to EMA20 (1H) without breaking below, it can be seen as a second entry opportunity.
(Depth Logic: 1H RSI (51.6) is in healthy recovery, moving away from oversold territory. The order book depth imbalance reaches 56.05%, with obvious buy-side accumulation, indicating strong market support. Combined with negative funding rates, short positions are costly, and a break above 65500 could trigger a short squeeze. OI trend remains stable, not indicative of panic selling. )
Check real-time quotes 👇#Gate广场发帖领五万美金红包 $BTC