$BTC The 1H timeframe is forming a consolidation zone between 65,000 and 66,000. The RSI shows a bullish divergence signal, with the price declining but open interest remaining stable, indicating that the main force is supporting the market rather than distributing. Although the 4H timeframe is in a downtrend channel, it has already retested the recent support zone at the lower boundary, and the rebound momentum on the 1H timeframe is building up.
🎯Direction: Long (Long) ⚡Entry/Order: 65,800 - 66,000 🛑Stop Loss: 64,800 🚀Target 1: 67,200 🚀Target 2: 68,000 🛡️Trade Management: - Position suggestion: Light position - Execution strategy: After reaching Target 1, reduce position by 50% and move the stop loss up to the entry point. For the remaining position, watch Target 2. If the 1H close drops below the entry point, exit immediately. Depth logic: Price has fallen from 68,100 to 65,000, but open interest remains stable without a large-scale long liquidation drop, which is a positive sign of support. The 1H RSI (41.98) shows bullish divergence, and the bid-ask depth ratio (1.28) indicates strong buying support below. The 4H support zone around 65,000 has been tested multiple times previously. Combined with the divergence on the 1H timeframe, the probability of a short-term rebound increases significantly. View real-time market 👇#Gate广场发帖领五万美金红包 $BTC
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$BTC The 1H timeframe is forming a consolidation zone between 65,000 and 66,000. The RSI shows a bullish divergence signal, with the price declining but open interest remaining stable, indicating that the main force is supporting the market rather than distributing. Although the 4H timeframe is in a downtrend channel, it has already retested the recent support zone at the lower boundary, and the rebound momentum on the 1H timeframe is building up.
🎯Direction: Long (Long)
⚡Entry/Order: 65,800 - 66,000
🛑Stop Loss: 64,800
🚀Target 1: 67,200
🚀Target 2: 68,000
🛡️Trade Management:
- Position suggestion: Light position
- Execution strategy: After reaching Target 1, reduce position by 50% and move the stop loss up to the entry point. For the remaining position, watch Target 2. If the 1H close drops below the entry point, exit immediately.
Depth logic: Price has fallen from 68,100 to 65,000, but open interest remains stable without a large-scale long liquidation drop, which is a positive sign of support. The 1H RSI (41.98) shows bullish divergence, and the bid-ask depth ratio (1.28) indicates strong buying support below. The 4H support zone around 65,000 has been tested multiple times previously. Combined with the divergence on the 1H timeframe, the probability of a short-term rebound increases significantly.
View real-time market 👇#Gate广场发帖领五万美金红包 $BTC