【$BTC Signal】Pullback to go long! 1H RSI bottom divergence indicates strong support

$BTC The 1H timeframe is oscillating around a critical support zone, with RSI showing bottom divergence signals. The price is declining but open interest remains stable, suggesting that the main force is supporting the market rather than distributing. The 4H timeframe remains within an upward trend channel above the EMA50 (around 68990). The current pullback is a healthy correction. Market depth shows selling pressure concentrated near 70530, but buy orders below are gradually accumulating, building momentum for a rebound.

🎯 Direction: Long

⚡ Entry/Order: 69820 - 70520

🛑 Stop Loss: 69000

🚀 Target 1: 71800

🚀 Target 2: 72800

🛡️ Trading Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to the entry price. Trail the remaining position for profit. If the price falls below the moving stop loss line or if a 1H top divergence signal appears, exit all positions.

Depth Logic: The price has pulled back from the high of 73000, but open interest remains stable, with no signs of panic selling from large long liquidations, indicating a strong correction. The 1-hour RSI has entered oversold territory and formed bottom divergence, signaling an imminent technical rebound. Meanwhile, funding rates are negative, but the price remains firm, suggesting potential for a short squeeze. It is recommended to accumulate in batches near the lower boundary of the suggested entry zone.

View real-time market 👇 $BTC

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #GateforAI重磅上线