【$BTC Signal】1H pullback confirmation, sniper entry at EMA20 support rebound

$BTC The 1H timeframe has experienced a volume surge and a sharp rise, now pulling back to confirm the key EMA20 moving average. The 4H timeframe remains above the EMA50, with the overall trend still upward, but short-term profit-taking is needed. The current price is oscillating around 70800, with strong buy-side depth. The zone between 69200-70100 is an excellent short-term sniper entry area.

🎯 Direction: Long (pullback limit order)

⚡ Entry/Limit Order: 69274.9 - 70140.4

🛑 Stop Loss: 69274.9

🚀 Target 1: 72548.3

🚀 Target 2: 73857.6

🛡️ Trading Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss up to the entry price. Hold the remaining position to aim for Target 2. If the price retraces and breaks the trailing stop, exit all positions.

Depth Logic: Position volume remains stable, and after the price rises, open interest (OI) has not decreased, indicating it’s not purely a short squeeze. There are signs of major players supporting the market. The 1-hour RSI is at a healthy 58, leaving room for further upward movement. The order book shows buy limit orders significantly thicker than sell orders, providing solid support for the price. The negative funding rate also reduces the cost of holding long positions. Currently, it’s an ideal time to wait for the price to test key support levels and set up low-risk entries.

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