【$BTC Signal】Long + 1H Breakout Retest Confirmation

$BTC 1H timeframe completed a breakout above the key resistance zone, with price precisely retesting EMA20 before rallying strongly, with solid bid support.

🎯 Direction: Long

⚡ Entry/Pending Order: 70681.50 - 70826.55

🛑 Stop Loss: 70826.55

🚀 Target 1: 69575.26

🚀 Target 2: 69128.37

🛡 ️Trade Management:
- Execution Strategy: Once price reaches the first target, it is recommended to reduce position by half, move the stop loss of remaining position to near entry price, locking in profits while preserving the opportunity to capture larger swings.

Depth Logic: Order book depth imbalance shows concentrated buying power, with bid-side hanging orders at bid-1 significantly thicker than ask-side, forming solid support. Although the latest hourly buy ratio is not high, the volume contraction retest after breaking key levels precisely indicates selling pressure has been effectively absorbed, with clear signs of main force control. Negative funding rates persist, providing potential fuel for short position liquidations.

View Live Chart 👇 $BTC
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