【$BTC Signal】1H Oversold Rebound Trading, Watch for Key Resistance Breakout

$BTC The 1H timeframe is building a short-term support around 68500, RSI has fallen to 39.74 entering oversold territory. Although the 4H timeframe is in a downtrend, there are signs of stabilization and a potential halt in decline on the 1H chart. Combined with negative funding rates and stable holding volume, there is short-term rebound momentum.

🎯Direction: Long (Long)

🎯Entry/Order: 68600 - 68700 (Reason: 1H support zone near the upper boundary, around EMA20_1h )

🛑Stop Loss: 68000 (Reason: Break below the previous 4H low of 68029.6, confirming continued decline )

🚀Target 1: 69300 (Reason: 1H EMA50 resistance and previous hour high )

🚀Target 2: 69800 (Reason: 4H downtrend channel upper boundary and previous dense trading zone )

🛡️Trade Management:

- Position Size: Light (Reason: 4H trend remains bearish, this is a counter-trend rebound )

- Execution Strategy: After price reaches 69300, move stop loss up to entry level 68600. If price strongly breaks through 69500, consider holding part of the position towards the second target.

Deep Logic: Market depth shows a large sell order of 5.87 BTC at 68591, but buy orders below are dense, indicating support in the 68500-68600 range. Open interest remains stable and has not decreased significantly with price decline, suggesting no large-scale long liquidation. Negative funding rates imply short-term dominance by bears, but if the price cannot break below the previous low, a short squeeze rebound may occur. 1H RSI bullish divergence is brewing, awaiting volume confirmation.

Trade here 👇 $BTC

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