【$BTC Signal】Long - 1H strong breakout, main capital supports the market, short squeeze trend begins

$BTC After a brief consolidation on the 1H timeframe, the price surged with increased volume on the previous candle, firmly staying above the 1H EMA20 (67219), and tested the 70000 psychological level. The 4H chart closed with a large bullish candle with no wicks, breaking through the previous consolidation range’s upper boundary, indicating strong trend momentum. The current negative funding rate (-0.0039%) diverges from the strong price action, with stable open interest (OI), suggesting potential for a short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 69050 - 69200 (Reason: Currently in a strong zone, 1H EMA20 dynamic support moving upward)

🛑Stop Loss: 68300 (Reason: Break below the previous 1H candle low and 1H EMA50 support)

🚀Target 1: 69900 - 70000 (Reason: Previous high resistance and psychological whole number level)

🚀Target 2: 71000 (Reason: Based on the recent wave height’s 1.382 Fibonacci extension level)

🛡️Trade Management:

- Position size suggestion: Standard position (Reason: Multi-timeframe resonance, clear momentum)

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price strongly breaks above 70000 and stabilizes, consider aiming the remaining position at 71000.

Deep logic: Market logic indicates an upward trend, combined with stable rather than decreasing OI, suggesting this is not just a pure short squeeze but also driven by main capital entering the market. The 1H RSI is as high as 76.84, indicating overbought conditions but not exhausted, leaving room for further upward movement in a strong trend. Market depth shows a large sell order at level one (69031.9) with 7.748 BTC, which, if bought through, could trigger a rapid rise. The 4H buy volume ratio during the rally reached 0.55, confirming buy dominance.

View real-time market 👇 $BTC

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