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$BTC Signal】1H Retest Confirmation, Multi-Cycle Resonance Look for Rebound
$BTC 1H level gained support near EMA20, price tested repeatedly in the 70500-71000 range and stabilized, forming a small double-bottom structure at hourly level. 4H level, while in oscillation, price remains solidly above EMA50 with trend intact. Open interest remains stable with no panic selling observed. Combined with negative funding rate, short squeeze risk is accumulating.
🎯Direction: Long
⚡Entry/Pending Order: 70695 - 71050 (Can build positions in batches near current price)
🛑Stop Loss: 69563
🚀Target 1: 7296