【$BTC Signal】Pullback to buy! 1H oversold rebound, clear signs of main force supporting the market

$BTC The 1H timeframe has formed initial support in the 65500-66000 range, and a rebound has appeared after RSI entered the oversold zone. Although the 4H timeframe is still in a downtrend, open interest remains stable with no signs of panic selling. Combined with negative funding rates, there is a short-term opportunity for main force support and short covering. The current price has moved far away from the 1H EMA20, so chasing highs is strictly prohibited. Be patient and wait for the pullback to the optimized entry zone.

🎯 Direction: Long (buy on pullback)

⚡ Entry/Order: 65351.1 - 65865.8

🛑 Stop Loss: 64800

🚀 Target 1: 67200

🚀 Target 2: 68200

🛡️ Trading Management:

- Execution Strategy: Divide positions into two batches, entering gradually within the range. After reaching Target 1, reduce position by 50% and move the stop loss to the entry average price. Hold the remaining position to aim for Target 2. If the price retraces and breaks below the moving stop loss, exit all positions.

Deep Logic: Although the price is declining, open interest remains stable, indicating that it is not a full-scale liquidation by the main force but rather a long leverage wipeout. The 1-hour RSI has turned up from low levels, showing short-term exhaustion of selling pressure. Market depth data shows unusually thick buy orders around 66100, forming immediate support. Negative funding rates reduce the cost of holding long positions and fuel the rebound. The 65000-65500 zone below is a strong support area tested multiple times recently and is an ideal sniper point.

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