【$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: 72960

🚀Target 2: 74092

🛡️Trade Management: - Execution Strategy: After price reaches 72960, reduce position by 50% and move stop loss to entry price. Ride remaining position for second target; if price retests and breaks below entry average price, exit all positions.

Deep Logic: 1-hour RSI has rebounded from lows to 48.5, momentum beginning to recover. Order book data shows solid buying depth, main force shows obvious support below 71000. 4H EMA50 (69689) forms strong support, combined with negative funding rate environment, short position costs are elevated, a rapid short squeeze rebound could trigger anytime.

View Live Chart 👇 $BTC
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