【$BTC Signal】Close Positions + Wait for Key Support Confirmation

$BTC is weakly consolidating below EMA20 (~69610), with the price declining but open interest remaining stable. Combined with negative funding rates, this is currently a correction driven by long liquidations rather than institutional selling.

Order book imbalance is at -3%, with sell orders slightly thicker than buy orders, indicating selling pressure above. The 4H RSI (43.62) has exited overbought territory, but the price has not yet touched a valid support level.

🎯 Direction: Close Positions (NoPosition)

Hardcore logic: The price broke below the key EMA20 trendline, but open interest did not decrease, so the bearish logic is invalid. Negative funding rates + stable open interest are typical of a healthy correction after a short squeeze, not a trend reversal. To go long, wait for the price to retest the previous low liquidity zone (~67883) or form a clear bullish PA signal (such as Pin Bar, Engulfing). Currently in disorderly oscillation, with low win rate; risk management first.

Trade here 👇 $BTC

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